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Registros recuperados: 11
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Cooperatives' Merger Strategies: The MD Foods - Klover Maelk Case AgEcon
Agrell, Per J.; Karantininis, Kostas.
Since March 1999 the two largest dairy cooperatives of Denmark, MD FOODS and KLOVER MAELK have merged after a long relationship ranging from joint ventures (such as the P–-AMBA and M–-AMBA companies) to various alleged price wars. We point out that the main reasons for merger from the point of view of MD FOODS were: (i) to establish monopoly power on the domestic market, (ii) to pursue an international growth strategy, (iii) to exploit rationality and coordination gains in the operations. Further, the merger counters the threat of (iv) an alleged foreign take-over of KLOVER, (v) further pressure by the Danish Competition Authority, and (vi) the increased concentration through mergers taking place in the dairy and retail industries in Europe. The...
Tipo: Working or Discussion Paper Palavras-chave: Merger; Danish dairy industry; Farm cooperatives; Agribusiness.
Ano: 1999 URL: http://purl.umn.edu/24193
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Innovation, Integration and Product Proliferation - Empirical Evidence for the Agri-Food Industry AgEcon
Karantininis, Kostas; Sauer, Johannes; Furtan, William Hartley.
While mergers, both horizontal and vertical, have been shaping the landscape of the agri-food industry in Europe, the implications of the changing market structure on the level of innovation has not been studied yet. In this paper we deal with the link between innovation and market structure using the empirical example of the Danish agri-food industry. The purpose of this paper is two-fold. First we test for the importance of vertical integration on innovation. While there exist several studies on this linkage, to our knowledge, this is the first that deals with the agri-food industry. Secondly, we examine both product proliferation and innovation. To our knowledge, there are no other similar studies that examine both aspects using the same data set. We...
Tipo: Conference Paper or Presentation Palavras-chave: Innovation; Vertical Integration; Product Proliferation; Agribusiness; Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/6074
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Information Based Estimators for the Non-Stationary Transition Probability Matrix: An Application to the Danish Pork Industry AgEcon
Karantininis, Kostas.
A generalised cross entropy instrumental variables estimator is used to recover the non-stationary transition probability matrix for the Danish pork industry. A technique is also developed to recover missing data points due to category re-specifications. The impact of a set of exogenous variables (prices of pork meat, inputs, and pork substitutes), are evaluated in the form of elasticities. An overall assessment of entry exit and growth of farms is performed.
Tipo: Working or Discussion Paper Palavras-chave: Cross entropy estimator; Markov chain; Pork industry; Denmark; Livestock Production/Industries; C340; C130; Q120.
Ano: 2001 URL: http://purl.umn.edu/24198
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Relational Contracting and Allocation of Decision Rights in the Agri-Food Industry: Producer Contracts and Food Safety AgEcon
Karantininis, Kostas; Graversen, Jesper T.; Rasmussen, Hans Jacob Nymann.
We apply a formal theoretical model of adaptation to two empirical settings within the agri-food industry: specialized pig production and food safety in Denmark. The objective is to allocate decision rights ex ante so that actual decisions taken ex post will optimize the profit accruing to the two parties in a contractual or integrative relation. Two applications are presented in this paper: First an actual partnership between two pork producers in Denmark. Based on detailed budgets we develop detailed schedules for the “reneging temptations” of the two partners- These are the temptations to renege on the contract during the evolution of the partnership. Using a model developed by Baker, Gibbons and Murphy (2006) we calculate equilibria using the Folk...
Tipo: Conference Paper or Presentation Palavras-chave: Theory of the firm; Adaptation theory; Contracts; Decision Rights; Pig production; Food safety; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Industrial Organization; D21; L2; Q1.
Ano: 2008 URL: http://purl.umn.edu/49877
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Genetically modified foods in vertically differentiated and vertically oligopolistic markets AgEcon
Hajderllari, Eliona; Karantininis, Kostas.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/114774
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Cooperative Supply Chains in Peace and at War AgEcon
Agrell, Per J.; Karantininis, Kostas.
In the competition between supply chains, governance structure and coordination mechanisms can be as important as cost-efficiency. Flexible and non-committing contracts among upstream suppliers in cooperative alliances may lead to lower chain surplus through internal competition and renders the coordinator's position vulnerable for hostile take-overs. Cooperative supply chains are found in e.g. food industry, banking services, lawfirms and brokerage. The downstream processing or brand is owned collectively by the suppliers or service-providers. The supplier are linked to the chain by strong delivery (channel) rights and volume-based revenue-sharing schemes. The governance is flexible, promotes entry and market expansion. However, the decentralized decision...
Tipo: Working or Discussion Paper Palavras-chave: Agribusiness.
Ano: 2000 URL: http://purl.umn.edu/24209
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Gravity model of outward FDI and trade in Agri-food in Denmark AgEcon
Hajderllari, Luljeta; Karantininis, Kostas; Lawson, Lartey Godwin.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/114771
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The Doha Talks and the Bargaining Surplus in Agriculture AgEcon
Furtan, William Hartley; Guzel, A.; Karantininis, Kostas.
The Doha Round has been slow to achieve a reduction in the level of agricultural protection. This remains the case notwithstanding the substantial economic benefits that would arise from a more liberal agricultural trading regime. We provide one explanation for this slowness using a simple bargaining model. We demonstrate that the bargaining countries received a substantial fiscal gain from reducing government expenditures in the run-up to the Uruguay Round. This fiscal pressure was sufficient to block rent seekers who wanted farm payments to continue. Since the Uruguay Round these fiscal constraints have been reduced and the same pressure to reach a bargain and control rent-seeking behaviour is not present in the Doha Round.
Tipo: Journal Article Palavras-chave: Doha Round; Rent seeking; Bargaining; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/7706
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Price Transmission in the Swedish Pork Chain: Asymmetric non linear ARDL AgEcon
Karantininis, Kostas; Katrakylidis, Kostas; Persson, Morten.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/114772
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Reversing the road to super farms AgEcon
Furtan, William Hartley; Karantininis, Kostas; Lund, Mogens.
The organization of primary agriculture is dependent upon whether the institutions of a country allow for reverse franchising by farmers. If the transaction costs of managing a farm can be minimized by farmers conducting a form of collective action, such as cooperatives, then the size of farms will be smaller. If farms have to make the products in the firm, which are subject to very large economies of scale than super farms will be the result. The key is the existence of institutions, such as collective action and property rights, that allow for the minimization of costs. For this reason the organization of primary agriculture is, among other things, a public policy issue. In this paper we develop this argument, we sketch a theoretical framework based on a...
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/10025
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Estimating State-Contingent Production Functions AgEcon
Rasmussen, Svend; Karantininis, Kostas.
The paper reviews the empirical problem of estimating state-contingent production functions. The major problem is that states of nature may not be registered and/or that the number of observation per state is low. Monte Carlo simulation is used to generate an artificial, uncertain production environment based on Cobb Douglas production functions with state-contingent parameters. The parameters are subsequently estimated based on different sizes of samples using Generalized Least Squares and Generalized Maximum Entropy and the results are compared. It is concluded that Maximum Entropy may be useful, but that further analysis is needed to evaluate the efficiency of this estimation method compared to traditional methods.
Tipo: Conference Paper or Presentation Palavras-chave: Maximum entropy; State-contingent; Uncertainty; Production; Monte Carlo simulation; Production Economics; C13; C15; D80.
Ano: 2005 URL: http://purl.umn.edu/24529
Registros recuperados: 11
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