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MARKET POWER IN BEEF PACKING: FEEDLOT "CAPTURE" AND ITS CAUSES AgEcon
Hunnicutt, Lynn; Crook, Michelle; Bailey, DeeVon.
Concentration in the beef packing industry has been rising for the past 25 years. Many studies of market power in beef packing are based on the conjectural variations framework, which depends on accurate estimates of packer input and processing costs. We propose an alternative measure of packer behavior which does not rely on estimates of packer costs. We also suggest how this measure could be used to draw tentative conclusions regarding packer behavior.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Marketing.
Ano: 2001 URL: http://purl.umn.edu/20743
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Rigidity in Packer-Feedlot Relationships AgEcon
Hunnicutt, Lynn; Bailey, DeeVon; Crook, Michelle.
Concentration in beef packing has risen dramatically in the past 25 years. We develop measures used to describe feedlot-packer relations: (1) a statistic based on the proportion of its sales a feedlot makes to a given packer, and (2) a measure of the switching behavior of feedlots. The measures are calculated using a confidential data set from the USDA Grain Inspection, Packers, and Stockyards Administration. Relationships are found to be both exclusive and stable. Causes for this rigidity are then examined using regression analysis. Transaction costs are shown to help explain why this market differs from a perfectly competitive one.
Tipo: Journal Article Palavras-chave: Beef packing; Market relationships; Transaction costs; Q13; L14; L66.
Ano: 2004 URL: http://purl.umn.edu/43453
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MEASURING MARKET POWER WITH VARIABLES OTHER THAN PRICE AgEcon
Hunnicutt, Lynn; Bailey, DeeVon; Crook, Michelle.
Beef packing has become an extremely concentrated industry, yet studies have found that little, if any market power exists. We propose and test alternative measures of behavior that may better describe how packers control purchases from feedlots, using confidential data collected by the USDA Grain Inspection, Packers and Stockyards Administration.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2002 URL: http://purl.umn.edu/19799
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