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Registros recuperados: 10 | |
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Coronel, Daniel Arruda; Amorim, Airton Lopes; Braga, Marcelo Jose; Campos, Antonio Carvalho. |
The objective of this paper was to verify the market power of the Argentinean, Brazilian and American exports of soymeal to the European Union, the main consumer market of this commodity. For that, the article is based on the methodology of residual demand. Using the methods Seemingly Unrelated Regression (SUR), Two-Stage Least Squares (2SLS) and Three-Stage Least Squares (3SLS), the results indicated that, though this segment is concentrated by Argentina, Brazil and the United States, none of these countries presented market power for soymeal exports. In other words, they are not able to change soymeal prices without to decrease the exports |
Tipo: Working or Discussion Paper |
Palavras-chave: Market Power; International Trade; Soymeal; Residual Demand; Industrial Organization; International Relations/Trade; F12; L13. |
Ano: 2010 |
URL: http://purl.umn.edu/114462 |
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Russo, Carlo. |
Despite the increasing importance of market power in the food industry, most policy models assume perfect competition. Ignoring market power may lead economists to make incorrect, or at least misleading, policy recommendations. In this paper I develop a theoretical model in which market power can alter conclusions regarding the welfare effects of a specific policy change: replacing deficiency payments with decoupled payments to farmers, and apply it to the U.S. wheat market and milling industry. The main conclusions of the theoretical model are that, middlemens market power may cause i) an increase in public expenditure, ii) an extraction of policy rents from the taxpayers by the middlemen, and iii) a reduction of the social benefit from decoupling... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Decoupling; Deficiency Payments; Market Power; Financial Economics; Q18; L13. |
Ano: 2007 |
URL: http://purl.umn.edu/9767 |
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Registros recuperados: 10 | |
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