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Why should imperfect competition matter to agricultural economists?

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  • Steve McCorriston
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    Abstract

    In this paper it is argued that imperfect competition should be given more attention by agricultural economists as the characteristics of food markets in Europe (and elsewhere) suggest that these markets are more typically oligopolistic. Particularly important in this regard is the growing market power of food retailers in many European countries. The analysis of imperfect competition should not be confined to those solely interested in competition policy issues but should also be the concern of economists who undertake applied policy analysis more generally. Copyright 2002, Oxford University Press.

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    Bibliographic Info

    Article provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

    Volume (Year): 29 (2002)
    Issue (Month): 3 (July)
    Pages: 349-371

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    Handle: RePEc:oup:erevae:v:29:y:2002:i:3:p:349-371

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    References

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    1. Michael B. Ward & Jay P. Shimshack & Jeffrey M. Perloff & J. Michael Harris, 2002. "Effects of the Private-Label Invasion in Food Industries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 961-973.
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    14. Nevo, Aviv, 1998. "Measuring Market Power in the Ready-To-Eat Cereal Industry," Research Reports 25164, University of Connecticut, Food Marketing Policy Center.
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    19. Cotterill, Ronald W., 1999. "Continuing Concentration in the U.S.: Strategic Challenges to an Unstable Status Quo," Research Reports 25165, University of Connecticut, Food Marketing Policy Center.
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    21. Steve McCorriston & Ian M. Sheldon, 1997. "Vertical restraints and competition policy in the US and UK food marketing systems," Agribusiness, John Wiley & Sons, Ltd., vol. 13(2), pages 237-252.
    22. Sam Peltzman, 1998. "Prices Rise Faster Than They Fall," University of Chicago - George G. Stigler Center for Study of Economy and State 142, Chicago - Center for Study of Economy and State.
    23. S. McCorriston & C. W. Morgan & A. J. Rayner, 1998. "Processing Technology, Market Power and Price Transmission," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(2), pages 185-201.
    24. Sullivan, Mary W, 1997. "Slotting Allowances and the Market for New Products," Journal of Law and Economics, University of Chicago Press, vol. 40(2), pages 461-93, October.
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    29. Dobson, Paul W & Waterson, Michael, 1997. "Countervailing Power and Consumer Prices," Economic Journal, Royal Economic Society, vol. 107(441), pages 418-30, March.
    30. Wujin Chu, 1992. "Demand Signalling and Screening in Channels of Distribution," Marketing Science, INFORMS, vol. 11(4), pages 327-347.
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