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| Registros recuperados: 13 | |
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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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| Clark, J. Stephen; Cechura, Lukas; Berhanu, Adugna. |
| This study examines farm to wholesale prices spreads to measure the impact of the Bovine Spongiform Encephalopathy (BSE) disease outbreak on the Canadian beef industry. The study uses structure break tests developed by Gregory and Hansen (1996) and Hansen (1992) examine possible breaks within cointegrating relationships. The study finds evidence that the industry began a realignment as a result of the UK BSE disease outbreak, and the Canadian BSE disease outbreak was simply the largest realignment of the process beginning with the UK disease outbreak. However, the only statistically significant break was the BSE disease outbreak itself in May 2003. Stability was not restored until the border was reopened in 2005. Specific results indicated that the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: BSE; Market power; Canada; Beef industry; Agribusiness; Industrial Organization; International Relations/Trade. |
| Ano: 2011 |
URL: http://purl.umn.edu/114097 |
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| Clark, J. Stephen; Klein, Kurt K.. |
| In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behavior into market prices where no cyclical pattern previously existed. Moving average price stabilization schemes are important to Canadian agricultural policy analysis because they are a characteristic of stabilization programs in Canada. Indeed, the Agricultural Stabilization Act, introduced in 1975, and the Gross Revenue Insurance Program, introduced in 1991, use moving average prices to calculate returns to producers. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1993 |
URL: http://purl.umn.edu/31316 |
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| Reed, Albert J.; Levedahl, J. William; Clark, J. Stephen. |
| When elementary prices move strictly proportionately, aggregation over a group of diverse products is valid, and group demand responses can be decomposed into quality and quantity responses. This study shows that when relative elementary prices and group prices are stochastically independent, a similar decomposition is valid. Empirical results suggest consumers respond to changes in prices and income mostly by altering the quality of meat products. These findings imply that using commercial disappearance as a proxy for food demand can be misleading for policy analysis. Key words: commodity aggregation, Composite Commodity Theorem, composite demand, Generalized Composite Commodity Theorem, quantity-quality decomposition |
| Tipo: Journal Article |
Palavras-chave: Commodity aggregation; Composite Commodity Theorem; Composite demand; Generalized Composite Commodity Theorem; Quantity-quality decomposition; Demand and Price Analysis. |
| Ano: 2003 |
URL: http://purl.umn.edu/30719 |
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| Registros recuperados: 13 | |
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