Exit from the Meatpacking Industry: A Microdata Analysis
AbstractWe model the determinants of plant exit from the cattle-slaughter industry using probit to distinguish between plant-level (e.g., age, scale, and scope) and market-level (e.g., market share, concentration, and competitive fringe) factors. Market variables are shown to be less important determinants of exit than plant-level factors, though a significant tendency for very small plants to exit already highly concentrated markets is apparent. Government actions to stem the industry's consolidation must consider the trade-off between welfare gains from the reduction of market power and welfare losses from foregone technological efficiency improvements. Copyright 1998, Oxford University Press.
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Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.
Volume (Year): 80 (1998)
Issue (Month): 1 ()
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- Hooker, Neal H. & Nayga, Rodolfo M., Jr. & Siebert, John W., 2002. "The Impact Of Haccp On Costs And Product Exit," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(01), April.
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- Brady, Michael P. & Marsh, Thomas L., 2013. "Do Changes in Orchard Supply Occur at the Intensive or Extensive Margin of the Landowner?," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150452, Agricultural and Applied Economics Association.
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