The effect of buyer concentration on prices in the Australian wool market
AbstractA theoretical model of the wool market that distinguishes between large and small buyers is developed. The model forecasts that “large” buyers with a cost advantage will increase grower prices providing there is competition from a periphery of small, relatively high cost buyers. Econometric estimates of premiums associated with buyer concentration, as measured by the Herfindahl Index, are obtained using hedonic price analysis. The results are consistent with theory, and it is concluded that increased buyer concentration favors growers providing a “periphery” of small competitive firms remains intact. Â© 1997 John Wiley & Sons, Inc.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Agribusiness.
Volume (Year): 13 (1997)
Issue (Month): 4 ()
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Web page: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"A Computable General Equilibrium Analysis of Export Taxes in the Australian Wool Industry,"
2006 Conference (50th), February 8-10, 2006, Sydney, Australia
139733, Australian Agricultural and Resource Economics Society.
- Waschik, Robert & Fraser, Iain, 2007. "A computable general equilibrium analysis of export taxes in the Australian wool industry," Economic Modelling, Elsevier, vol. 24(4), pages 712-736, July.
- Halil Fidan, 2004. "Quality Level and Price in Turkish Durum Wheat Market," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(3), pages 319-329, June.
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