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| Deodhar, Satish Y.; Sheldon, Ian M.. |
| Several studies have estimated the welfare effects of recent changes in the European Union's common policy on banana imports, based upon the assumption that the market is perfectly competitive. However, if the market is imperfectly competitive, predictions about changes in banana policy may be inaccurate. The objective of this paper is to estimate the degree of market imperfection in the German market for banana imports using dynamic methods. The hypothesis that this market is perfectly competitive is rejected, and, in addition, the degree of market imperfection is estimated to be higher using a dynamic model compared to previous static estimates. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1996 |
URL: http://purl.umn.edu/27899 |
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| Deodhar, Satish Y.; Fletcher, Stanley M.. |
| Reforms in the U.S. peanut program entail a reduction in support price of peanuts. The degree to which price reduction is passed on to final consumers of peanut butter is directly related to the degree of competition in the peanut butter market. To assess the impact of changes in the peanut program on final consumers, it is necessary to know the degree of competition in the peanut butter industry. A dynamic error correction model (ECM) developed by Steen and Salvanes is estimated using nonlinear-three-stage-least-squares procedure to measure the degree of competition. Results indicate that the market is characterized by perfect competition in the short-run. The hypothesis of perfect competition is rejected in the long-run, although the long-run... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization. |
| Ano: 1998 |
URL: http://purl.umn.edu/16725 |
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| Deodhar, Satish Y.; Sheldon, Ian M.. |
| In this article, the degree of imperfect competition in the world market for soymeal exports is estimated using a structural econometric model. The procedure consists of estimating a demand function and the industry first-order profit-maximization condition, from which an estimate of the degree of market power can be retrieved. Using a nonlinear three-stage least squares procedure, the estimate of market power shows that the world market for soymeal exports is perfectly competitive. The empirical results also indicate that this market was competitive even prior to entry by Argentinean firms in the mid-1970s. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries; International Relations/Trade. |
| Ano: 1997 |
URL: http://purl.umn.edu/31010 |
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