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Registros recuperados: 35
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Identification of Supply Models of Retailer and Manufacturer Oligopoly Pricing AgEcon
Villas-Boas, Sofia Berto; Hellerstein, Rebecca.
This note outlines conditions under which we can identify a vertical supply model of multiple retailers' and manufacturers' oligopoly-pricing behavior. This is an important question particularly when the researcher believes, contrary to the traditional assumption followed in the empirical literature, that retailers may not be neutral pass-through intermediaries. We show that a data-set of an industry's product prices, quantities, and input prices over time is sufficient to identify the vertical model of retailers' and manufacturers' oligopoly-pricing behavior given nonlinear demand, for homogeneous-products industries, and given multi-product firms, for differentiated-products industries.
Tipo: Working or Discussion Paper Palavras-chave: Identification; Vertical relationships; Oligopoly models of multiple manufacturers and retailers.; Demand and Price Analysis; Industrial Organization; L13; L22.
Ano: 2004 URL: http://purl.umn.edu/25052
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The Circulation of Ideas in Firms and Markets AgEcon
Hellman, Thomas; Enrico, Perotti.
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may share them without contractual protection. Idea density is enhanced by firms ensuring rewards to inventors, while their legal boundaries limit idea leakage. As firms limit idea circulation, the innovative environment involves a symbiotic interaction: firms incubate ideas and allow employees to leave if they cannot find an internal fit; markets allow for wide circulation of ideas until matched and completed; under certain circumstances ideas may be even developed in...
Tipo: Working or Discussion Paper Palavras-chave: Ideas; Innovation; Entrepreneurship; Firm Organization; Start-Ups; Industrial Organization; D83; L22; M13; O31.
Ano: 2010 URL: http://purl.umn.edu/60751
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What Motivates Farms to Associate? The Case of Two Competing Czech Agricultural Associations AgEcon
Bavorova, Miroslava; Curtiss, Jarmila.
The study investigates determinants of affiliation with the two strongest associations in Czech agriculture. These represent Agricultural Association grouping large-scale enterprises and Association of Private Farmers, respectively. Our objective is to analyze whether associations with different types of members (large-scale enterprises vs. private farmers) experience different motives for joining or lapsing. Moreover, we investigate if there are characteristics of the associations' members which positively correlate to membership. The results imply that political lobbying is the main entry incentive for both large-scale enterprises and individual farmers. Informal information exchange is a more significant motivation for private farmers than for...
Tipo: Conference Paper or Presentation Palavras-chave: Associations; Agricultural enterprises; Czech agriculture; Selective incentives; Individual farms; Transition; Farm Management; D71; D72; D73; L14; L21; L22; C35.
Ano: 2006 URL: http://purl.umn.edu/25770
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MARKET FORCES AND CHANGES IN THE PLANT INPUT SUPPLY INDUSTRY AgEcon
Olson, Kent D.; Rahm, Michael; Swanson, Michael J..
Tipo: Journal Article Palavras-chave: Agribusiness; Input Supply Industry; Fertilizer; Plant Nutrients; Seed; Capital; Market Forces; Structural Change; Porter’s Five Forces; Agribusiness; Q13; L10; L22; M22; L80.
Ano: 2010 URL: http://purl.umn.edu/100786
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THEME OVERVIEW: FUNDAMENTAL FORCES AFFECTING AGRIBUSINESS INDUSTRIES AgEcon
Olson, Kent D.; Boehlje, Michael.
Tipo: Journal Article Palavras-chave: Agribusiness; Market Forces; Structural Change; Porter’s Five Forces; Community/Rural/Urban Development; Q13; L10; L22; M22; L80.
Ano: 2010 URL: http://purl.umn.edu/100783
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FUNDAMENTAL FORCES AFFECTING U.S. FRESH PRODUCE GROWERS AND MARKETERS AgEcon
Cook, Roberta L..
Tipo: Article Palavras-chave: Competitiveness; Fresh Fruits and Vegetables; Fresh Produce; Market Forces; Porter's Five Forces; Shipper; Structural Change; Resource /Energy Economics and Policy; Q13; L10; L22; M21.
Ano: 2011 URL: http://purl.umn.edu/120008
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Theme Overview: Fundamental Forces Affecting Agribusiness Industries, Part II AgEcon
Olson, Kent D.; Boehlje, Michael.
Tipo: Journal Article Palavras-chave: Agribusiness; Market Forces; Structural Change; Porter’s Five Forces; Agribusiness; Q13; L10; L22; M22; L80.
Ano: 2011 URL: http://purl.umn.edu/104214
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Vertical Integration and Investor Protection in Developing Countries AgEcon
Macchiavello, Rocco.
The industrial organization of developing countries is characterized by the pervasive use of subcontracting arrangements among small, financially constrained firms. This paper asks whether vertical integration relaxes those financial constraints. It shows that vertical integration trades off the benefits of joint liability against the costs of rendering the supply chain more opaque to external investors. In contrast to the commonly held view that pervasive input and capital market imperfections are conducive to vertical integration, the model predicts that the motives for vertical integration are not necessarily higher in developing countries. In particular, vertical integration is more likely to arise at intermediate levels of investor protection and...
Tipo: Working or Discussion Paper Palavras-chave: Vertical Integration; Industrial Development; Financial Constraints; Joint Liability; Trade Credit; Community-based Industries; Financial Economics; O12; O16; D23; G30; L22.
Ano: 2009 URL: http://purl.umn.edu/55285
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Valuing Options in Water Markets: A Laboratory Investigation AgEcon
Hansen, Kristiana; Kaplan, Jonathan D.; Kroll, Stephan.
Risk and reliability dominate water supply discussions in the arid western United States in light of increasing demand and finite, weather-dependant supply. Thus water agencies increasingly turn to contractual mechanisms such as dry-year options to manage supply risk in advance of need. Although a few water agencies across the West have implemented dry-year options, sufficient data for conventional econometric analysis do not yet exist. We thus utilize experimental economics to analyze the effect of annual dry-year options on water markets. We consider how market structure (competitive versus monopsony power) and option contract availability affect water price and allocation within a market and find that realized gains from trade are on average higher when...
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy; D23; L22; Q25.
Ano: 2008 URL: http://purl.umn.edu/108722
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Agricultural Organization in an Era of Traceability AgEcon
Sykuta, Michael E..
From production to retail, information systems have become increasingly important in the agrifood system. Retailers use information systems to improve inventory management and increase efficiency in production and logistics. Innovations in agribiotechnology and food safety issues highlighted by incidences related to Starlink corn and “mad cow disease” have raised consumer concerns about their food products. In addition to food safety concerns, consumers are increasingly willing to pay premiums for nonobservable quality characteristics in their food products. This paper outlines a framework for evaluating the implications of traceability for the organization of the agricultural system and highlights potential organizational responses to traceability...
Tipo: Journal Article Palavras-chave: Agrifood system; Contracting; Organizational economics; Traceability; L14; L22; L23; Q13.
Ano: 2005 URL: http://purl.umn.edu/43512
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"Co-Operative Identity" - A Theoretical Concept for Dynamic Analysis of Practical Co-Operation: The Dutch Case AgEcon
Szabo, Gabor G..
The "concept of the co-operative identity" (consisting from the definition, aims and functions of cooperatives and the so-termed co-operative principles) serves as a general theoretical background for the economic analysis of agricultural co-operation. The development of Dutch dairy co-operatives is used as a case study example, which suitably illustrates and represents the processes taking place in the European Union. Some suggestions for further research on the co-operative identity according to each country and different branches and sectors in order to see the substance of co-operation from different economic and non-economic aspects are proposed.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Co-operative; Identity; Principles; Strategy; Agribusiness; Q13; L14; L22.
Ano: 2005 URL: http://purl.umn.edu/24453
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Healthy Competition in the Animal Health Industry AgEcon
Buhr, Brian L.; Holtkamp, Derald; Sornsen, Steve.
Tipo: Journal Article Palavras-chave: Pharmaceutical Industry; Five Forces; Animal Health; Veterinary; Competition; Economics; Agribusiness; Livestock Production/Industries; Q13; Q18; L11; L22; L2; L66.
Ano: 2011 URL: http://purl.umn.edu/104213
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New Cooperative Development Issues AgEcon
Henehan, Brian M.; Hardesty, Shermain D.; Shultz, Madeline; Wells, John.
This article briefly reviews the increased interest in new cooperative development, factors for successful cooperative development, and strategies to improve the performance of new and emerging cooperatives. The article highlights issues identified by a panel of cooperative leaders, USDA specialists and academic experts
Tipo: Journal Article Palavras-chave: Cooperatives; New Cooperatives; Developing Cooperatives; Agribusiness; P13; L22; L43.
Ano: 2011 URL: http://purl.umn.edu/117412
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Location of Production and Consolidation in the Processing Industry: The Case of Poultry AgEcon
Goodwin, Harold L., Jr..
The poultry industry is the most vertically integrated of U.S. agriculture and food production and is rapidly progressing toward being one of the most concentrated. In 2002, the top 15 broiler states accounted for 94.4% of U.S. production. From 1982-2002, the top four broiler firms had a fivefold increase in Ready-to-Cook (R-T-C) pounds, a tripling of plants and four-and eight-firm concentration ratio increases of 27.9% to 48.2% and 44.1% to 66.6%. In a broad sense, chicken became more affordable, appealing, and available; total R-T-C pounds increased from 234 to 663 million pounds between 1982 and 2002.
Tipo: Journal Article Palavras-chave: Broilers; Concentration; Poultry pricing; Poultry production; Vertical integration; L11; L22; M11; Q13; R30.
Ano: 2005 URL: http://purl.umn.edu/43510
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Partial Implementation of COOL: Economic Effects in the U.S. Seafood Industry AgEcon
Joseph, Siny; Lavoie, Nathalie; Caswell, Julie A..
Mandatory Country of Origin Labeling (MCOOL) was implemented on seafood in the United States on April 4, 2005. MCOOL exempts the foodservice sector and excludes processed seafood from labeling. This paper contributes to understanding the economics of the MCOOL law for seafood by showing that current partial implementation may have unintended consequences on the domestic supply chain. While labeling satisfies the market demand for information provision in one market, exemptions in the other market may create incentives for the diversion of imports, which are assumed to be lower in quality than domestic seafood, to the non-labeled sector. Analyzing alternate scenarios such as voluntary labeling shows that total welfare may be greatest under this scenario...
Tipo: Working or Discussion Paper Palavras-chave: Country of origin labeling; Product differentiation; Information asymmetry; Seafood; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Marketing; L15; L22; Q18.
Ano: 2009 URL: http://purl.umn.edu/55921
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Scale, Scope, and Specialization Effects on Retailers’ Procurement Strategies: Evidence from the Fresh Produce Markets of São Paulo AgEcon
Mainville, Denise Y.; Reardon, Thomas; Farina, Elizabeth Maria Mercier Querido.
Worldwide, the emergence of large supermarket chains in food retail markets is often associated with the marginalization of smaller retailers. A notable exception exists in Brazil, however, where small retailers have held their place in the market and recently even gained ground. The literature investigating how retail concentration has affected agrifood chains has focused activities of the largest retail chains, implicitly holding the scale, scope and specialization of retailers’ input needs constant, and overlooking the influence of these factors on retailers’ procurement strategies. This paper tests hypotheses regarding these variables’ effects on retailers’ fresh produce procurement strategies. Data is drawn from a survey of retailers in metropolitan...
Tipo: Journal Article Palavras-chave: Scale; Scope; Specialization; Procurement strategy; Fresh produce; Retail; Political Economy; L22.
Ano: 2008 URL: http://purl.umn.edu/61282
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Globalization of innovation activity by transnational corporations: and its importance in the present economic crisis AgEcon
Zorska, Anna.
The research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative transition” of foreign subsidiaries as well as implementing research networks and the open innovation model of TNCs’ innovation activity. Under the present economic crisis some slowdown and reorientation of innovation programs are implemented in order to reduce their costs and increase effectiveness. The globalization of corporate innovation activity can contribute to reaching some of TNCs’ goals both under the present crisis and the future revival of the world...
Tipo: Journal Article Palavras-chave: Globalization; Innovations; Economic crisis; TNC.; International Development; D21; F23; L22; O32.
Ano: 2010 URL: http://purl.umn.edu/94610
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Supplier Relations and the Market Context: A Theory of Handshakes AgEcon
McLaren, John.
This paper provides an economic theory of the degree of formality in industrial procurement. The argument is based on a tension between two procurement goals: imposing cost discipline on the supplier, and creating the conditions for cooperative innovation. In this model, a contract can solve the cost discipline problem, but only by discouraging cooperation; a less formal arrangement provides cooperation but poor discipline. The attractiveness of contracts is smaller, the less vertically integrated the industry, because a thick market for inputs provides its own discipline incentives even without a contract. Thus, in highly integrated industries, contracts are used, while in less integrated industries business is done on handshakes. This theory of the role...
Tipo: Working or Discussion Paper Palavras-chave: Japan-US comparisons; Subcontracting; Cooperative innovation; Industrial Organization; L14; L22.
Ano: 1996 URL: http://purl.umn.edu/28407
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Does Vertical Integration Effect Market Power? Evidence from U.S. Food Manufacturing Industries AgEcon
Bhuyan, Sanjib.
Vertical Integration
Tipo: Journal Article Palavras-chave: Food industries; Market power; Vertical integration; Vertical merger; Crop Production/Industries; Marketing; Production Economics; L13; L22; Q13.
Ano: 2005 URL: http://purl.umn.edu/43737
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"Vertical Market Power" as Oxymoron: Getting Convergence Mergers Right AgEcon
Brennan, Timothy J..
"Vertical market power" is a contradiction in terms because "market power" is essentially horizontal-that is, it depends on relationships of firms within markets. FERC invokes the term to assess "convergence" mergers between electricity generators and natural gas suppliers. It misapplies Department of Justice guidelines for vertical mergers and fails to identify exceptions to a presumption that market power depends only on competitive conditions at any single stage. A three-stage test can assess whether convergence mergers resemble horizontal ones. The key stage is the third: A convergence merger is more problematic the less vertical it is-that is, if the acquiring generator had no prior dealings with the acquired gas supplier. FERC's analyses in leading...
Tipo: Working or Discussion Paper Palavras-chave: Vertical mergers; Electricity restructuring; Vertical integration; Convergence; Energy regulation; Resource /Energy Economics and Policy; L40; L94; L22; D43.
Ano: 2001 URL: http://purl.umn.edu/10871
Registros recuperados: 35
Primeira ... 12 ... Última
 

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