| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
An Analysis of Pricing in the U.S. Cotton Seed Market
|
| Autores: |
Shi, Guanming
Stiegert, Kyle W.
Chavas, Jean-Paul
|
| Data: |
2009-06-26
|
| Ano: |
2009
|
| Palavras-chave: |
Modal Vertical Strategy
Imperfect competition
Cotton seed
Biotechnology
Agricultural and Food Policy
Demand and Price Analysis
Industrial Organization
L13
L4
L65
|
| Resumo: |
The purpose of the research in this paper is to investigate the impact of differentiated vertical strategies by agricultural biotechnology firms in the U.S. cottonseed market. The model advances the measurement of industry concentration to consider substitution/complementarity relationships among differentiated products delivered under different vertical structures. We find evidence of sub-additive pricing in the stacking of bundled biotech traits. Prices paid by farmers for cottonseed sold under vertical integration are found to be higher than under licensing. The model is flexible and allows for evaluation of the effects of changing market structures. The parameters on traditional measures of concentration indicate that higher concentration leads to higher prices. The effects of cross-market concentrations stress the need to conduct the analysis in a multi-market context.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/51617
|
| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
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| Formato: |
28
|
