Advanced Search
MyIDEAS: Login to save this article or follow this journal

Delineating the Relevant U.S. Sweetener Markets

Contents:

Author Info

  • Moss Charles B.

    (Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA)

  • Schmitz Andrew

    (Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA)

Abstract

The relevant market in the U.S. sweetener complex was a subject of debate in the United States v. Archer-Daniels Midland, Co. & Nabisco court case, in which the defendants successfully argued that price fixing in the non-sugar sweetener market was impossible because sugar and high fructose corn syrup (HFCS) were substitutes. Hence, they were both part of the so-called “relevant market.” We use cointegration analysis to show that over a large period of time, sugar prices and HFCS were positively correlated. However, focusing only on the time period 1997 through 2001, sugar and HFCS prices are not correlated. This lack of correlation in the later period implies that beginning in 1997, the relevant market for HFCS does not include sugar. Thus questions are continuingly raised as to the competitiveness of the HFCS industry.

Download Info

If 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.
File URL: http://www.degruyter.com/view/j/jafio.2004.2.1/jafio.2004.2.1.1031/jafio.2004.2.1.1031.xml?format=INT
Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by De Gruyter in its journal Journal of Agricultural & Food Industrial Organization.

Volume (Year): 2 (2004)
Issue (Month): 1 (January)
Pages: 1-19

as in new window
Handle: RePEc:bpj:bjafio:v:2:y:2004:i:1:n:1

Contact details of provider:
Web page: http://www.degruyter.com

Order Information:
Web: http://www.degruyter.com/view/j/jafio

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Babula, Ronald A. & Newman, Douglas & Rogowsky, Robert A., 2006. "A Dynamic Model of U.S. Sugar-Related Markets: A Cointegrated Vector Autoregression Approach," Journal of Food Distribution Research, Food Distribution Research Society, vol. 37(02), July.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bpj:bjafio:v:2:y:2004:i:1:n:1. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla).

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.