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MARKET POWER AND COST-EFFICIENCY EFFECTS OF THE MARKET CONCENTRATION IN THE U.S. NITROGEN FERTILIZER INDUSTRY AgEcon
Kim, C.S.; Hallahan, Charles B.; Taylor, Harold; Schluter, Gerald E..
This article examines the effects of increasing market concentration level in the U.S. nitrogen fertilizer industry. Results indicate that the costs of market power are greater than the benefits of market concentration, in terms of manufacturing cost efficiency. To provide a stable nitrogen fertilizer supply at a relatively low price, it may be necessary to control natural gas price and/or reduce new import barriers from Middle East and former member states of the Soviet Union, where low cost gas is produced as a byproduct. Keywords: Nitrogen fertilizer, oligopoly, economies of size, market power, cost-efficiency.
Tipo: Conference Paper or Presentation Palavras-chave: Nitrogen fertilizer; Oligopoly; Economies of size; Market power; Cost-efficiency.; Marketing.
Ano: 2002 URL: http://purl.umn.edu/19674
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ECONOMIC ANALYSIS OF THE CHANGING STRUCTURE OF THE U.S. FERTILIZER INDUSTRY AgEcon
Kim, C.S.; Taylor, Harold; Hallahan, Charles B.; Schaible, Glenn D..
This article evaluates structural changes in the U.S. nitrogen fertilizer industry by using a decomposed Negative Binomial Regression model. Results indicate that the U.S. nitrogen fertilizer industry can be characterized as an industry involving price leadership in oligopoly. Declining profit-margins might have forced fertilizer producers to consolidate and eliminate duplicate operations. The market concentration level is expected to intensify as the natural gas price rises.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2001 URL: http://purl.umn.edu/20513
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ECONOMIC AND ENVIRONMENTAL BENEFITS OF SOIL/WATER NITROGEN TESTING: THE CASE OF CENTRAL NEBRASKA AgEcon
Kim, C.S.; Taylor, Harold; Sandretto, Carmen L..
This research presents a competitive dynamic model to evaluate the economic and groundwater quality benefits resulting from the adoption of soil/water nitrogen testing. The model is applied to an irrigated corn production county in the Nebraska Mid-State area where the groundwater contamination level from nitrates is reported to be, on average, 18.7 parts per million (ppm). Adoption of nutrient management practices would result in increased economic benefits to farmers and reduced nitrate stocks in groundwater.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/35719
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