Advanced Search
MyIDEAS: Login

Estimation of relative bargaining power in markets for raw milk in the United States

Contents:

Author Info

  • Byeong-Il Ahn

    (Korea University)

  • Daniel A. Sumner

    (University of California, Davis)

Registered author(s):

    Abstract

    This study contributes to the empirical industrial organization literature by deriving and estimating the empirical equation containing the parameter for bargaining power and an indicator of competition between suppliers. We specify a reduced form of the price equation, which is composed of the minimum price specified in milk marketing orders and the reduced form of the upper bound for the price in regional raw milk markets in the United States. Estimation results indicate that the relative bargaining power of dairy cooperatives in setting regional raw milk prices is small compared to the power of milk bottlers. We find the price differential in milk marketing orders has contributed to raise the price bargained between dairy cooperatives and milk bottlers.

    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.ucema.edu.ar/publicaciones/download/volume15/ahn.pdf
    Download Restriction: Online access is restricted to ScienceDirect subscribers.

    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 Universidad del CEMA in its journal Journal of Applied Economics.

    Volume (Year): XV (2012)
    Issue (Month): (May)
    Pages: 1-23

    as in new window
    Handle: RePEc:cem:jaecon:v:15:y:2012:n:1:p:1-23

    Contact details of provider:
    Postal: Av. Córdoba 374, (C1054AAP) Capital Federal
    Phone: (5411) 6314-3000
    Fax: (5411) 4314-1654
    Email:
    Web page: http://www.cema.edu.ar/publicaciones/jae.html
    More information through EDIRC

    Related research

    Keywords: bargaining power; minimum price regulation; milk marketing order; price equation;

    Find related papers by JEL classification:

    References

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

    Citations

    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:cem:jaecon:v:15:y:2012:n:1:p:1-23. 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: (Valeria Dowding).

    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.