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| Miljkovic, Dragan. |
| This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota and Nebraska) and two destinations (Mexican Gulf and Pacific Northwest) is conducted in order to determine if pricing practices by the same or different railroads in different regions are consistent. A system of structural equations is estimated and dynamic regression tests are conducted because of the dynamic nature of interregional trade and arbitrage activities. The results indicate that grain transportation market by rail is not perfectly integrated. This is primarily due to numerous mergers and combining of railroads that took place during the last twenty... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain transportation; Market integration; Railroad industry; International Relations/Trade; D4; L1; L9. |
| Ano: 1999 |
URL: http://purl.umn.edu/29236 |
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| Carriquiry, Miguel A.; Babcock, Bruce A.. |
| Hotelling's classic model of spatial competition is used to estimate the impacts on price of the closure of one of three grain buyers on the Mississippi River in the vicinity of Scott County, Iowa. The customers of the buyer who is closing (River Gulf Grain Company) in Davenport, Iowa, are assumed to deliver their grain to a buyer in either Buffalo, Iowa, to the south or to a buyer in Clinton, Iowa, to the north. Calibration of Hotelling's framework to this situation leads to an estimated decline in grain bids of 1.5¢ per bushel for the buyer located in Clinton and by 2.5¢ per bushel for the buyer located in Buffalo. These estimates are based on an incremental transportation cost of 0.15¢ per mile between the seller's farm and the buyer. This price decline... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain transportation; Local monopsony; Agricultural and Food Policy; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/18370 |
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| Fulton, Murray E.; Gray, Richard S.. |
| Grain transportation is one of the most important economic issues for grain producers in the Northern Plains. The reliance on export markets and the long distances to port position means that transportation costs have a significant effect on the price received by farmers. In the prairie region of Canada, rail transportation is undergoing a major transformation that will affect the competitive positions of agriculture in both the United States and Canada and influence the direction of grain flows between the two countries. Rail rates are no longer legislated although a cap is still in place), restrictions on branch line abandonment have been lifted, and further deregulation of price and car allocation is being considered. Some parties, including the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Barriers to entry; Competition; Grain handling; Grain transportation; Monopoly; Railroads; Regulation; Public Economics; K2; L1; L9; L5. |
| Ano: 1998 |
URL: http://purl.umn.edu/29164 |
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