The long run, market power and retail pricing
AbstractThe paper examines the existence of market power in the respective pork and poultry (“white” meat) meat markets in Austria by means of the Johansen cointegration technique. The existence of market power in pork retail pricing is revealed. Poultry retail pricing is, however, found to be competitive. The result for pork is attributed to tradition and to the high pre-EU border protection rates. The paper also revealed the versatility of the Johansen cointegration technique as a tool capable of analysing both competitive and imperfect market situations. The paper recommends meat policy to be product specific rather than holistic. Copyright Springer-Verlag 2004
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 29 (2004)
Issue (Month): 3 (09)
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Other versions of this item:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
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