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Empirical Analysis of Potential Oligopsony Power and Production Technology in the Ukrainian Milk Processing Industry under Conditions of Economic Transition AgEcon
Perekhozhuk, Oleksandr; Grings, Michael; Glauben, Thomas.
The objective of this study is to provide an empirical analysis of potential market power of the Ukrainian milk processing industry in the market for raw milk. The article is based on the New Empirical Industrial Organization (NEIO) approach and pays special attention to the production technology of the sector. In NEIO studies of market power in the food processing industry the production technology is typically assumed to be of a neoclassical type with simple properties like, e.g., constant returns to scale. Properties of this kind, however, are likely not to prevail in most transition countries of Eastern Europe because of serious distortions in factor usage mainly due to institutional deficiencies. Therefore, the analysis of this study is based on the...
Tipo: Conference Paper or Presentation Palavras-chave: Milk processing industry; New empirical industrial organization (NEIO); Oligopsony power; Production technology; Transition economy; Ukraine; Industrial Organization; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/44440
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OKONOMETRISCHE ANALYSE VON MARKTMACHT AUF DEM UKRAINISCHEN MARKT FUR ROHMILCH AgEcon
Perekhozhuk, Oleksandr; Grings, Michael.
Der Forschungsschwerpunkt der vorliegenden Arbeit liegt in der empirischen Untersuchung der Nachfragemacht der ukrainischen Milchverarbeitungsindustrie nach Rohmilch. Für die ökonometrische Analyse der Preisbildung auf dem ukrainischen Markt für Rohmilch wurde ein sektorales komparativ-statisches Strukturmodell formuliert, das auf der Neuen Empirischen Industrieökonomik (New Empirical Industrial Organization - NEIO) basiert. Das Modell besteht aus einer kurzfristigen Angebotsfunktion für Rohmilch und einer Optimierungsbedingung T für die TgewinnmaximierendeT Nachfrage der Milchverarbeitungsunternehmen T nach Rohmilch. Die Ergebnisse der ökonometrischen Schätzung des Marktstrukturmodells geben keine Anhaltspunkte für die Existenz von Marktmacht in der...
Tipo: Conference Paper or Presentation Palavras-chave: Marktstruktur; Marktmacht; Neue Empirische Industrieökonomik; Ukraine; Agribusiness; Marketing.
Ano: 2007 URL: http://purl.umn.edu/7597
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Impact of Corporate Ownership on Economic Performance of Agroholdings in Russia AgEcon
Matyukha, Andriy; Perekhozhuk, Oleksandr; Saraykin, Valeriy; Uzun, Vasilii.
This study conveys the impact of corporate ownership on economic performance of agroholdings – integrated agricultural, processing, marketing, financial and industrial business units in Russia’s agro-food sector. Using a unique database of the All-Russian Nikonov-Institute of Agrarian Problems and Informatics, we investigate 151 agroholdings in Russia and evaluate their economic performances for 2006. Applying the multiple linear regression analysis we were able to quantify corporate ownership and analyze a priori unobserved factors. The results of the econometric estimation reveal that state ownership exerts negative influence on the economic performance of agroholdings.
Tipo: Conference Paper or Presentation Palavras-chave: Agroholding; Corporate Ownership; Performance; Russia; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/115535
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Oligopsony Power in the Ukrainian Milk Processing Industry: Evidence from the Regional Markets for Raw Milk AgEcon
Perekhozhuk, Oleksandr; Grings, Michael; Glauben, Thomas.
Most of the studies based on the New Empirical Industrial Organization (NEIO) approach use the industry data to estimate the degree of market power at the national level. Yet, only a few empirical studies presented the results that measure the degree of market power at the regional level and found the existence of market power in the regional markets. While the fact is that there is an extensive evidence for the existence of potential oligopsony market power in the Ukrainian milk processing industry (price cartels and geographic market sharing among milk processing enterprises, interference of the state authorities, higher concentration on regional markets), the estimation results of the market structure model at the national level did not produce any...
Tipo: Conference Paper or Presentation Palavras-chave: New Empirical Industrial Organization (NEIO); Oligopsony Power; Ukraine.; Industrial Organization; C0; D0; D4; L0; Q1.
Ano: 2009 URL: http://purl.umn.edu/50965
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Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch AgEcon
Perekhozhuk, Oleksandr.
Transition from the planned to the market economy involved profound changes in Ukrainian economy. Before the liberalization of prices in 1992, milk processing in Ukraine was concentrated in regionally distributed large state milk processing factories. In the meantime, the dairy sector has been privatized. However, the emerging privatization forms were heterogeneous. That is why different kinds of market conduct and, consequently, market performance can be expected, depending on ownership and incentive structures involved. Particular macroeconomic conditions have led to agricultural farms and milk processing factories dragging in conformation to the new situation. The necessary economic reorganization has caused a considerable decrease in milk production....
Tipo: Thesis or Dissertation Palavras-chave: Farm Management; Industrial Organization; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies.
Ano: 2007 URL: http://purl.umn.edu/92322
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IDENTIFICATION OF MARKET POWER IN THE HUNGARIAN DAIRY INDUSTRY: A PLANT-LEVEL ANALYSIS AgEcon
Perekhozhuk, Oleksandr; Hockmann, Heinrich; Bakucs, Lajos Zoltan; Ferto, Imre.
The objective of this paper is to provide an alternative model which can be used to test for oligopsony market power applying plant-level data. For this purpose, we took into account empirical studies and specific developments in the Hungarian dairy industry and specified a model that provides useful benchmarks for an econometric test of market power. The results of the econometric analysis show that the effects from policy changes in Hungary, as well as from plant specific issues are highly statistically significant, and produce evidence suggesting the exercise of oligopsony market power in the Hungarian dairy industry.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; Marketing.
Ano: 2011 URL: http://purl.umn.edu/114768
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Agriculture in the Face of Changing Markets, Institutions and Policies: Challenges and Strategies AgEcon
Balmann, Alfons; Curtiss, Jarmila; Dautzenberg, Kirsti; Happe, Kathrin; Huang, Jikun; Swinnen, Johan F.M.; Rozelle, Scott; Sedik, David J.; Ciaian, Pavel; Vranken, Liesbet; Doitchinova, Julia M.; Kanchev, Ivan; Miteva, Albena; Bachev, Hrabrin Ianouchev; Forgacs, Csaba; Guo, Hongdong; Ferto, Imre; Jolly, Robert W.; Zhu, Jianhua; Falkowski, Jan; Milczarek, Dominika; Peyerl, Hermann; Breuer, Gunter; Danilowska, Alina; Zawojska, Aldona; Ramanovich, Mikhail; Hemme, Torsten; Mirzaei, Farhad; Heidelbach, Olaf; Balkhausen, Oliver; Banse, Martin; Perekhozhuk, Oleksandr; Grings, Michael; Luka, Oksana; Epstein, David B.; Naydenov, Nikolay; Sauer, Johannes; Balint, Borbala; Il'ina, Natalia; Svetlov, Nikolai M.; Weitzel, Enno-Burghard; Bayaner, Ahmet; Bakucs, Lajos Zoltan; Hockmann, Heinrich; Cechura, Lukas; Herzfeld, Thomas; Glauben, Thomas; Azzarri, Carlo; Carletto, Calogero; Davis, Benjamin; Zezza, Alberto; Nivievskyi, Oleg; von Cramon-Taubadel, Stephan; Newton, Claire; Bednarikova, Zuzana; Doucha, Tomas; Travnicek, Zdenek; Fock, Theodor.
Since the late 1980s, agriculture in Central and Eastern European Countries (CEECs) has been under considerable adjustment pressure due to changing political, economic and institutional environments. These changes have been linked to the transition process, as well as the ongoing integration into the European Union and the world market. Reduced subsidies, increased environmental and food quality demands, as well as structural changes in the supply, processing and food retailing sector call for major structural adjustments and the improvement of farmers’ managerial abilities. Though such changes always carry significant threats to farms, they also offer new opportunities for the farms' entrepreneurial engagement. Upcoming changes in the agricultural...
Tipo: Book Palavras-chave: Agribusiness; Community/Rural/Urban Development; Farm Management; Industrial Organization; International Development; Labor and Human Capital; Land Economics/Use; Productivity Analysis.
Ano: 2006 URL: http://purl.umn.edu/93012
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Market power: Modeling issues and identification problems. An investigation of selected Hungarian food chains AgEcon
Bakucs, Lajos Zoltan; Ferto, Imre; Hockmann, Heinrich; Perekhozhuk, Oleksandr.
In recent years increasing number of contractual arrangements in food chains are observed. There are several reasons for this phenomenon. Improving food quality often requires significant specific investments. Given high asset specificity, investors find it difficult to appropriate the returns on investment and thus have incentives to integrate. However, besides this transaction costs related argument, the ongoing vertical integration can result from structural developments in food chains which at different stages of the value chains, might hamper the proper functioning of markets. Using a unique, firm level dataset, in this paper we will focus on the latter issue. Due to its importance among various Hungarian value chains, we have selected the milk...
Tipo: Conference Paper or Presentation Palavras-chave: Market power; Hungarian food chains.; Food Consumption/Nutrition/Food Safety.
Ano: 2009 URL: http://purl.umn.edu/57977
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ECONOMETRIC ANALYSIS OF MARKET POWER ON THE UKRAINIAN MARKET FOR RAW MILK AgEcon
Perekhozhuk, Oleksandr; Grings, Michael.
The main emphasis of the present study is the empirical analysis of buyer market power of the Ukrainian milk processing industry on the market for raw milk. For an econometric analysis of pricing behaviour on the Ukrainian market for raw milk a sectoral, comparative-static structural model, based on the New Empirical Industrial Organization (NEIO) framework has been constructed. The model consists of a short-term supply function for raw milk and a first order condition for profit maximizing raw milk demand of the milk processing enterprises. The results of the econometric estimation of the model do not show any evidence for the existence of market power in the Ukrainian milk processing industry on the national level for the estimation period January 1996...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2007 URL: http://purl.umn.edu/7575
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Estimating the Degree of Buyers' Market Power: Evidence from the Ukrainian Meat Processing Industry AgEcon
Perekhozhuk, Oleksandr; Matyukha, Andriy; Glauben, Thomas.
This study develops a structural market model for the econometric analysis of buyers’ market power in the Ukrainian meat processing industry, because there is some evidence that suggests that meat processors may excise market power in the agricultural market of slaughtered livestock. The estimation results did not produce any evidence suggesting the existence of buyers’ market power. Contrary to many other NEIO-studies, we extended the market structure market model by the three subsequent models. Using endogenously determined values for market power parameter, we found that meat processors concerning the buyers’ market for slaughtered livestock behave consistently with Cournot conjectures.
Tipo: Conference Paper or Presentation Palavras-chave: Cournot competition; Market power; Meat processing industry; New empirical industrial organisation (NEIO); Ukraine; Livestock Production/Industries; Marketing.
Ano: 2011 URL: http://purl.umn.edu/114782
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