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Provedor de dados:  AgEcon
País:  United States
Título:  Dynamic Assessment of Bertrand Oligopsony in the U.S. Cattle Procurement Market
Autores:  Ji, In Bae
Chung, Chanjin
Data:  2011-05-02
Ano:  2011
Palavras-chave:  Cattle cycle
Concentration
Market power
NEIO
Oligopsony
Seasonality
Agribusiness
Demand and Price Analysis
Industrial Organization
Livestock Production/Industries
Marketing
Q13
L13
L16
Resumo:  The new empirical industrial organization approach with the Bertrand model is employed to measure the oligopsony market power in the U.S. cattle procurement market. The assumption of price competition (Bertrand model) based on the nature of cattle production such as cattle cycle and seasonality is used and compared to quantity competition (Cournot model). The empirical results show that the oligopsony market power exists in the U.S. cattle procurement market. The cattle cycle and seasonality affect the oligopsony market power and the cattle cycle causes the change of market power. However, concentration has a negative effect on the oligopsony market power.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  http://purl.umn.edu/103558
Relação:  Agricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
Formato:  33
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