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Market power and its effects on equilibrium in the food system

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Holloway, G. ORCID: https://orcid.org/0000-0002-2058-4504 and Hertel, T. (1989) Market power and its effects on equilibrium in the food system. American Journal of Agricultural Economics, 71 (5). p. 1359. ISSN 0002-9092

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Abstract/Summary

When food processors have conjectures about rival firms' responses, their profit functions can be used to estimate the degree of market power in the food system. The effects of this power are investigated analytically and through applying the results to the U.S. pork sector

Item Type:Article
Refereed:Yes
Divisions:Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
ID Code:30676
Publisher:Oxford University Press
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