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| Registros recuperados: 92 | |
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| Hockmann, Heinrich; Voneki, Eva. |
| The paper discusses the impact of market power in the Hungarian milk chain. In a first step a vector error correction model is estimates to assess whether a domestic market for raw milk exists. Since the answer was positive we proceed by developing a structural market model of the Hungarian market for raw milk that is able to identify a possible affect of market power on resource allocation. A nonlinear 3SLS approach was applied to estimate the supply and the demand for raw milk. The results provide that despite the high concentration of in dairy processing the indications for market poser are rather limited. The Bertrand like equilibrium can be attributed to the low degree of capacity utilization in dairy processing and the marketing alternative of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Market power; Market integration; Dairy; Hungary.; Livestock Production/Industries; Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/7805 |
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| Dorfman, Jeffrey H.. |
| What makes agriculture especially deserving of an active government safety net? What is different about agricultural production? Are we concerned about a safe and reliable food supply or about farmers' incomes and returns to assets? Those who make farm policy base their arguments on all of these points: the diffuse nature of agricultural production, the inherent production risk in agriculture, the need for a safe and reliable food supply, shortcomings in farm income, and low returns to assets in agriculture. This paper addresses these points and, in so doing, rules out some of these concerns as legitimate bases for current agricultural policies. By focusing on those that are genuine, U.S. farm policy could spend limited resources in areas where the most... |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; Farm income; Farm-sector safety net; Market power; Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2000 |
URL: http://purl.umn.edu/14707 |
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| Lopez, Rigoberto A.; Liron-Espana, Carmen. |
| This study estimates the elasticities of wholesale food prices, cost efficiency, and market power with respect to industrial concentration in 35 food processing industries, modifying the model of Lopez, Azzam, and Lirón-España (2002). In contrast to the results of their earlier analysis, findings of this study indicate that further increases in concentration would result in significant processing cost savings (and Lerner index increases) in nearly all industries and that output prices would decline in nearly 50% of the industries, although significantly so in only 20% of them. As industrial concentration rises, price declines occur in industries with low levels of concentration while price increases occur in highly concentrated industries. |
| Tipo: Journal Article |
Palavras-chave: Cost efficiency; Food prices; Food processing; Industrial concentration; Market power; Marketing; Production Economics; Productivity Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/59610 |
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| Voneki, Eva; Hockmann, Heinrich. |
| The paper attempts to identify the impact of market power in the Hungarian milk chain. Since the conventional conjectural variation approach provides suspicious results the incentives to collude are discussed in an alternative framework. It is argued that the high degree of market transparency, the high frequency of interaction, the low number of large firms which could actually influence market prices, the threat of severe sanctions due to the under-utilization of processing capacities as well as opportunistic behavior make collusive behavior more likely than competitive behavior. The empirical evidence for the period 1998 to 2006 supports this view. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Market power; Dairy processing; Hungary; Industrial Organization; Q11; Q13. |
| Ano: 2009 |
URL: http://purl.umn.edu/51673 |
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| Reed, Albert J.; Clark, J. Stephen. |
| Recent trends in mergers and acquisitions in the U.S. food sector food manufacturers, wholesalers, and retailers raise concerns about market power. In the presence of market power, farmers may receive lower than competitive farm prices, and consumers may pay higher than competitive retail prices. This study presents empirical tests of market power at the national level for seven food categories: beef, pork, poultry, eggs, dairy, fresh fruit, and fresh vegetables. At the national level, our tests provide evidence of competitive conduct in both the sale of final food products and the purchase of farm ingredients. |
| Tipo: Report |
Palavras-chave: Retail food and farm prices; Market power; Structural change; Cointegration; Agribusiness; Industrial Organization. |
| Ano: 2000 |
URL: http://purl.umn.edu/33558 |
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| Varga, Tibor. |
| Price transmission studies related to the cointegration of price time series are a suitable means for studying market dominance at the various market levels in the food product chains. For this study a price transmission asymmetry study was carried out for 18 commercial food product chains. In this study a monthly price time series was used for the period 2001 to 2005. It was found that there is significant product variation in market dominance which spans the entire industry. However, the variation is not significantly linked to either sectors or vertical levels. At times it is unstable and can easily tilt toward the vertical partner level. Depending on price changes, it can also vary, which, in turn, reflects changes in weather conditions. Following a... |
| Tipo: Journal Article |
Palavras-chave: Price transmission; Cointegration; Market power; Food product chain; Hungary; Demand and Price Analysis; Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/47014 |
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| Fofana, Abdulai; Jaffry, Shabbar. |
| This paper presents an investigation into the market structure for three product types of salmon (smoked, fresh and whole salmon) in the UK retail market. Evidence of the potential for market power and pricing conduct is analysed using structural simultaneous system equations based on the Bresnahan (1982) model. The importance of the retail market is recognised given the dominance of supermarket chains which accounted for £1.6 billion sales of seafood and the share of about 87% of all seafood retail sales in 2004 as compared with only 16% in 1988. The results indicate that the system is well represented by the models and that the market is competitive for fresh fillets and whole salmon but retailers exert some market power for smoked salmon. The hypothesis... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Market power; Error correction model; Dynamic demand systems; Salmon; Marketing; JEL-1; JEL-J. |
| Ano: 2006 |
URL: http://purl.umn.edu/45873 |
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| Registros recuperados: 92 | |
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