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An Analysis of Market Structure and Pricing in the Florida Celery Industry

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  • Taylor, Timothy G.
  • Kilmer, Richard L.

Abstract

The pricing behavior of the Florida celery industry under the current federal marketing order was examined by analyzing the implied market structure of the industry using a model proposed by Appelbaum. Point estimates of the oligopoly power index suggest that some degree of price enhancement above that which would be characterized by a perfectly competitive market may have occurred. However, the bulk of statistical evidence suggests that the departure from marginal cost pricing implied by the industry's pricing behavior is not statistically significant.

Suggested Citation

  • Taylor, Timothy G. & Kilmer, Richard L., 1988. "An Analysis of Market Structure and Pricing in the Florida Celery Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 35-44, December.
    • Handle: RePEc:cup:jagaec:v:20:y:1988:i:02:p:35-44_01
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    Cited by:

    1. Richard J. Sexton & Catherine L. Kling & Hoy F. Carman, 1991. "Market Integration, Efficiency of Arbitrage, and Imperfect Competition: Methodology and Application to U.S. Celery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 568-580.
    2. Shumway, C. Richard, 1995. "Recent Duality Contributions In Production Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-17, July.

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