Measuring The Degree Of Oligopsony Power In The Beef Packing Industry In The Absence Of Marketing Input Quantity Data
AbstractWe develop a model to measure the degree of oligopsony power in the beef packing industry, while accommodating variable proportions technology, that can be estimated with fewer data requirements. In particular, nonspecialized input quantities, which are often not available, are not needed. Through application of the envelope theorem, we show that the relationship between value marginal product and marginal factor cost can be defined over the prices of the nonspecialized inputs rather than their corresponding quantities. When applied to the beef packing industry, we find no evidence of oligopsony power over our 1967-93 sample period.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.
Volume (Year): 24 (1999)
Issue (Month): 02 (December)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Catherine J. Morrison, 1997. "Structural Change, Capital Investment and Productivity in the Food Processing Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 110-125.
- Gallant, A. Ronald & Jorgenson, Dale W., 1979. "Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 275-302.
- Schroeter, John R, 1988.
"Estimating the Degree of Market Power in the Beef Packing Industry,"
The Review of Economics and Statistics,
MIT Press, vol. 70(1), pages 158-62, February.
- Schroeter, John R., 1988. "Estimating the Degree of Market Power in the Beef Packing Industry," Staff General Research Papers 11114, Iowa State University, Department of Economics.
- Ospina, Enrique & Shumway, C. Richard, 1979. "Disaggregated Analysis Of Short-Run Beef Supply Response," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(02), December.
- Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
- A. M. Azzam, 1992. "Testing The Competitiveness Of Food Price Spreads," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 248-256.
- Hockmann, Heinrich & Voneki, Eva, 2007. "Assessing Market Functioning: The Case of the Hungarian Milk Chain," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7805, European Association of Agricultural Economists.
- Voneki, Eva & Hockmann, Heinrich, 2009. "Price distortions on the Hungarian raw milk market," 2009 Conference, August 16-22, 2009, Beijing, China 51673, International Association of Agricultural Economists.
- Griffith, Garry R., 2000. "Competition in the food marketing chain," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(3), September.
- Perekhozhuk, Oleksandr, 2007.
"Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch
[Market structure and pricing on the Ukrainian market for raw milk]," MPRA Paper 21958, University Library of Munich, Germany.
- Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 41, number 92322, July.
- Perekhozhuk, Oleksandr & Hockmann, Heinrich & Bakucs, Lajos Zoltan & Ferto, Imre, 2011.
"Identification Of Market Power In The Hungarian Dairy Industry: A Plant-Level Analysis,"
2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
114768, European Association of Agricultural Economists.
- Perekhozhuk Oleksandr & Hockmann Heinrich & Fertő Imre & Bakucs Lajos Zoltán, 2013. "Identification of Market Power in the Hungarian Dairy Industry: A Plant-Level Analysis," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 11(1), pages 1-13, January.
- Perekhozhuk, Oleksandr & Grings, Michael, 2007. "Okonometrische Analyse Von Marktmacht Auf Dem Ukrainischen Markt Fur Rohmilch," 47th Annual Conference, Weihenstephan, Germany, September 26-28, 2007 7597, German Association of Agricultural Economists (GEWISOLA).
- Perekhozhuk, Oleksandr & Matyukha, Andriy & Glauben, Thomas, 2011. "Estimating the Degree of Buyers' Market Power: Evidence from the Ukrainian Meat Processing Industry," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114782, European Association of Agricultural Economists.
- Sandra Rodríuez Piñeros & David K. Lewis, 2005. "Estimating the Imperfection in Sawtimber markets: a case study for the South Pacific Region, Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 63, pages 231-260, Julio-Dic.
- Yin Xia & Steven Buccola, 2002. "Size, cost, and productivity in the meat processing industries," Agribusiness, John Wiley & Sons, Ltd., vol. 18(3), pages 283-299.
- Bakucs, Lajos Zoltan & Ferto, Imre & Hockmann, Heinrich & Perekhozhuk, Oleksandr, 2009. "Market power on the edge? An analysis of the German and Hungarian hog markets," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 58(8).
- Key, Nigel D. & MacDonald, James M., 2008. "Local Monopsony Power in the Market for Broilers - Evidence from a Farm Survey," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6073, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Perekhozhuk, Oleksandr & Grings, Michael, 2007. "Econometric Analysis Of Market Power On The Ukrainian Market For Raw Milk," 47th Annual Conference, Weihenstephan, Germany, September 26-28, 2007 7575, German Association of Agricultural Economists (GEWISOLA).
- Oleksandr Perekhozhuk, 2013. "Modern Concepts for Pricing Analysis in Imperfect Competition Production Factor Market," Accounting and Finance, Institute of Accounting and Finance, issue 4, pages 99-106, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.