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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- Brester, Gary W. & Marsh, John M., 2001. "The Effects Of U.S. Meat Packing And Livestock Production Technologies On Marketing Margins And Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(02), December.
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- Wohlgenant, Michael K. & Karns, Shawn A. & Muth, Mary K. & Anderson, Donald W., 2001. "Plant Entry And Exit From The Meatpacking Industry During Pathogen Reduction And Haccp Implementation," 2001 Annual meeting, August 5-8, Chicago, IL 20673, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- 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.
- Muth, Mary K. & Karns, Shawn A. & Wohlgenant, Michael K. & Anderson, Donald W., 2002. "Exit Of Meat Slaughter Plants During Implementation Of The Pr/Haccp Regulations," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(01), July.
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