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STATE TRADING ENTERPRISES IN A DIFFERENTIATED ENVIRONMENT: THE CASE OF GLOBAL MALTING BARLEY MARKETS AgEcon
Dong, Fengxia; Marsh, Thomas L.; Stiegert, Kyle W..
The lack of transparency in the pricing and operational activities of state trading enterprises (STEs) has caused members of the World Trade Organization to express concern that certain countries' STEs might circumvent Uruguay Round commitments on export subsidies, domestic support, or market access. The purpose of this study is to examine the market structure of the differentiated world malting barley market in which two STEs (the Canadian Wheat Board and the Australian Barley Board) maintain jointly a very large share of the export market. In particular, this study focuses on the exclusive procuring and pricing policies used by both STEs to test if these intra-country mechanisms can generate leadership and shift rent from other exporting countries. A...
Tipo: Working or Discussion Paper Palavras-chave: Malting barley; Market structure; Prepayment system; Product differentiation; Rent shifting; State trading enterprises (STEs).; Crop Production/Industries; Marketing.
Ano: 2003 URL: http://purl.umn.edu/18334
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