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Interpreting and Enforcing Section 2 of the Capper-Volstead Act

Author

Listed:
  • E. V. Jesse
  • B. W. Marion
  • A. C. Manchester
  • Aaron. C. Johnson

Abstract

Based upon legislative intent, court holdings, and economic theory, undue price enhancement is associated with the exercise of market power. Consequently, a necessary condition for an agricultural marketing cooperative to be in violation of Section 2 is the ability to prevent members from overproducing if market power is exercised. Investigations of undue price enhancement should first determine the extent to which a cooperative possesses potential market power. If such potential exists, the theory of workable competition provides the framework for determining whether price enhancement has become "undue."

Suggested Citation

  • E. V. Jesse & B. W. Marion & A. C. Manchester & Aaron. C. Johnson, 1982. "Interpreting and Enforcing Section 2 of the Capper-Volstead Act," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 431-443.
    • Handle: RePEc:oup:ajagec:v:64:y:1982:i:3:p:431-443.
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    Citations

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    Cited by:

    1. Cotterill, Ronald W., 1997. "The Performance of Agricultural Marketing Cooperatives in Differentiated Product Markets," Journal of Cooperatives, NCERA-210, vol. 12, pages 1-13.
    2. Rogers, Richard T., 1990. "The Role of Marketing Cooperatives in Increasingly Concentrated Agricultural Markets: Reaction," Cooperatives: Their Importance in the Future Food and Agricultural System - FAMC 1990 Conference 265917, Food and Agricultural Marketing Consortium (FAMC).
    3. Sexton, Richard J., 1990. "The Role of Cooperatives in Increasingly Concentrated Agricultural Markets," Cooperatives: Their Importance in the Future Food and Agricultural System - FAMC 1990 Conference 265909, Food and Agricultural Marketing Consortium (FAMC).
    4. Centner, Terence J. & Wetzstein, Michael E., 1984. "Cooperative Antitrust Monopolization and the Theory of Contestable Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 129-136, July.
    5. Jiaoju Ge & Alfonso Flores-Lagunes & Kilmer, 2015. "An analysis of bargaining power for milk cooperatives and milk processors in Florida," Applied Economics, Taylor & Francis Journals, vol. 47(48), pages 5159-5168, October.
    6. Bolotova, Yuliya, 2014. "Agricultural Supply Management and Antitrust in the United States System of Agribusiness," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(3), pages 1-24, September.
    7. Rogers, Richard T. & Marion, Bruce W., 1990. "Food Manufacturing Activities of the Largest Agricultural Cooperatives: Market Power and Strategic Behavior Implications," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 5, pages 1-15.

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