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Competition in the US meatpacking industry: is it history?

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  • Azzeddine M. Azzam

Abstract

The US meatpacking industry has become concentrated to a degree not experienced since the days of the ‘Beef trust’ a century ago. A number of mainstream studies have investigated if such concentration has been detrimental to competition. Just as earlier studies may have helped shape competition policy towards meatpacking a century ago, contemporary studies have made their way into current discussions and may shape competition policy at the turn of this century. This paper asks whether or not contemporary studies are useful in informing competition policy. After comparing how competition looks from the econometric vantage point with how it looks from the vantage point of the industry's 300‐yr history, this article concludes that mainstream studies are more useful for a competition policy targeting conduct rather than structure.

Suggested Citation

  • Azzeddine M. Azzam, 1998. "Competition in the US meatpacking industry: is it history?," Agricultural Economics, International Association of Agricultural Economists, vol. 18(2), pages 107-126, March.
    • Handle: RePEc:bla:agecon:v:18:y:1998:i:2:p:107-126
    DOI: 10.1111/j.1574-0862.1998.tb00492.x
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    Cited by:

    1. 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).
    2. Bolotova, Yuliya V., 2021. "An Empirical Analysis of Pricing in the U.S. Beef Industry," 2021 Annual Meeting (Virtual), February 6-9, 2021 319359, Southern Agricultural Economics Association.
    3. Dimitrios Panagiotou & Athanassios Stavrakoudis, 2018. "A stochastic frontier estimator of the aggregate degree of market power exerted by the US meat packing industry," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 387-401, September.
    4. Perekhozhuk, Oleksandr & Grings, Michael & Glauben, Thomas, 2009. "Oligopsony Power in the Ukrainian Milk Processing Industry: Evidence from the Regional Markets for Raw Milk," MPRA Paper 16991, University Library of Munich, Germany.
    5. Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 41, number 92322.
    6. Panagiotou, Dimitrios, 2017. "What does the stochastic frontier estimator of market power really account for? A theoretical analysis with references from the food industry," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 0(Issue 2), July.
    7. Lynn Hunnicutt & DeeVon Bailey & Michelle Crook, 2002. "Measuring Market Power with Variables Other than Price," Working Papers 2002-08, Utah State University, Department of Economics.
    8. Rahman, Mohammad Chhiddikur, 2020. "Welfare Impact of Asymmetric Price Transmission on Bangladesh Rice Consumers," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 242248, October.
    9. Perekhozhuk, O. & Grings, M., 2008. "Ökonometrische Analyse von Marktmacht auf dem ukrainischen Markt für Rohmilch," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 43, March.
    10. Nordhagen, Stella & Igbeka, Uduak & Rowlands, Hannah & Shine, Ritta Sabbas & Heneghan, Emily & Tench, Jonathan, 2021. "COVID-19 and small enterprises in the food supply chain: Early impacts and implications for longer-term food system resilience in low- and middle-income countries," World Development, Elsevier, vol. 141(C).
    11. Srinivasan, C. S., 2003. "Concentration in ownership of plant variety rights: some implications for developing countries," Food Policy, Elsevier, vol. 28(5-6), pages 519-546.
    12. Stavrakoudis, Athanassios & Panagiotou, Dimitrios, 2016. "A stochastic frontier estimator of the aggregate degree of market power exerted by the U.S. beef and pork packing industries," MPRA Paper 75997, University Library of Munich, Germany.
    13. Doan, Darcie & Goldstein, Andrew & Zahniser, Steven & Vollrath, Tom & Bolling, Chris, 2005. "North American Integration in Agriculture: A Survey," 2004 NAAMIC Workshop I: North American Agrifood Market Integration: Current Situation and Perspectives 163851, North American Agrifood Market Integration Consortium (NAAMIC).
    14. Perekhozhuk, Oleksandr, 2013. "Moderne Konzepte zur Analyse der Preisbildung auf dem Faktormarkt mit unvollständigem Wettbewerb," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 4, pages 99-106.
    15. Timothy A. Wise & Sarah E. Trist, "undated". "Buyer Power in U.S. Hog Markets: A Critical Review of the Literature," GDAE Working Papers 10-04, GDAE, Tufts University.
    16. James Rude, 2021. "COVID‐19 and the Canadian cattle/beef sector: A second look," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 233-241, June.
    17. Yuliya V. Bolotova, 2022. "Competition issues in the U.S. beef industry," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1340-1358, September.
    18. Rahman, Mohammad Chhiddikur, 2018. "Welfare Impact of Asymmetric Price Transmission on Bangladesh Rice Consumers," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 251114, October.
    19. Oleksandr Perekhozhuk, 2013. "Modern Concepts for Pricing Analysis in Imperfect Competition Production Factor Market," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 99-106, December.

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