| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Agricultural Prices, Selection, and the Evolution of Food Industry
|
| Autores: |
Gaigne, Carl
Le Mener, Leo
|
| Data: |
2012-06-12
|
| Ano: |
2012
|
| Palavras-chave: |
Input price
Downstream industry
Entry/exit
Industrial concentration
Firm heterogeneity
Agricultural and Food Policy
Industrial Organization
International Relations/Trade
D24
L11
L25
L66
|
| Resumo: |
In this paper, we set up a simple model that explains the relation between low input price, high exit rates and industrial oncentration. More precisely, we argue that falling input prices force firms with low productivity to exit and induce expansion of more efficient incumbents at the expense of less productive producers. Our model helps reconcile some well‐established empirical results regarding the food processing industry. Indeed, agricultural prices have been declining between the early 1900s until 2006 while, over the same period, concentration and firm productivity have been increasing in the agri‐food industry.
|
| Tipo: |
Working Paper
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/125221
|
| Relação: |
Structure and Performance of Agriculture and Agri-products industry Network (SPAA)>Working Papers
SPAA working papers
2012-5
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| Formato: |
26
|
|
