Identification of Market Power in the Hungarian Dairy Industry: A Plant-Level Analysis
AbstractThe objective of this paper is to provide an alternative model which can be used to test for oligopsony market power applying plant-level data. For this purpose, we took into account empirical studies and specific developments in the Hungarian dairy industry and specified a model that provides useful benchmarks for an econometric test of market power. The results of the econometric analysis show that the effects from policy changes in Hungary, as well as from plant specific issues are highly statistically significant, and produce evidence suggesting the exercise of oligopsony market power in the Hungarian dairy industry.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal of Agricultural & Food Industrial Organization.
Volume (Year): 11 (2013)
Issue (Month): 1 (January)
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Other versions of this item:
- 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.
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