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Do U.S. marketing orders have much market power? An examination of the Almond Board of California

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Author Info

  • John M. Crespi

    (Department of Agricultural Economics, 342 Waters Hall, Kansas State University, Manhattan, KS 66506-4011. E-mail: jcrespi@agecon.ksu.edu)

  • Adriana Chacón-Cascante

    (Department of Agricultural Economics, 342 Waters Hall, Kansas State University, Manhattan, KS 66506-4011.)

Abstract

This review tests the conventional wisdom that U.S. marketing orders act as profit-maximizing cartels. It analyzes the marketing order for U.S. almonds in both the domestic and export markets. Such a case study is relevant to all U.S. marketing orders because the size and scope of the U.S. almond industry and the authority granted to a board of producers by the almond marketing order would seem to be conducive to profit-maximizing cartel behavior. Nevertheless, the authors find that the market power exerted by the Almond Board of California is significantly less than would be expected from a profit-maximizing cartel. [EconLit citations: L120, L430]. © 2004 Wiley Periodicals, Inc. Agribusiness 20: 1-15, 2004.

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File URL: http://hdl.handle.net/10.1002/agr.10081
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Agribusiness.

Volume (Year): 20 (2004)
Issue (Month): 1 ()
Pages: 1-15

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Handle: RePEc:wly:agribz:v:20:y:2004:i:1:p:1-15

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Web page: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297

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  1. Pinelopi K. Goldberg & Michael M. Knetter, 1995. "Measuring the Intensity of Competition in Export Markets," NBER Working Papers 5226, National Bureau of Economic Research, Inc.
  2. Shepard, Lawrence, 1986. "Cartelization of the California-Arizona Orange Industry, 1934-1981," Journal of Law and Economics, University of Chicago Press, vol. 29(1), pages 83-123, April.
  3. Bushnell, Peter G. & King, Gordon A., 1986. "The Domestic and Export Markets for California Almonds," Research Reports 11924, University of California, Davis, Giannini Foundation.
  4. Berck, Peter & Perloff, Jeffrey M, 1984. "A Dynamic Analysis of Marketing Orders, Voting , and Welfare," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3d09786w, Department of Agricultural & Resource Economics, UC Berkeley.
  5. Bresnahan, Timothy F., 1982. "The oligopoly solution concept is identified," Economics Letters, Elsevier, vol. 10(1-2), pages 87-92.
  6. Alston, Julian M. & Carman, Hoy F. & Christian, Jason E. & Dorfman, Jeffrey H. & Murua, Juan-Ramon & Sexton, Richard J., 1997. "Optimal Reserve and Export Policies for the California Almond Industry : Theory, Econometrics, and Simulations," Monographs, University of California, Davis, Giannini Foundation, number 11937.
  7. Kinnucan, Henry W. & Christian, Jason E., 1997. "A Method For Measuring Returns To Nonprice Export Promotion With Application To Almonds," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), July.
  8. repec:cdl:agrebk:623332 is not listed on IDEAS
  9. Lau, Lawrence J., 1982. "On identifying the degree of competitiveness from industry price and output data," Economics Letters, Elsevier, vol. 10(1-2), pages 93-99.
  10. Ippolito, Richard A & Masson, Robert T, 1978. "The Social Cost of Government Regulation of Milk," Journal of Law and Economics, University of Chicago Press, vol. 21(1), pages 33-65, April.
  11. Lee, Hyunok & Alston, Julian M. & Carman, Hoy F. & Sutton, William R., 1996. "Mandated Marketing Programs For California Commodities," Information Series 11919, University of California, Davis, Giannini Foundation.
  12. Kwoka, John E, Jr, 1977. "Pricing under Federal Milk Market Regulation," Economic Inquiry, Western Economic Association International, vol. 15(3), pages 367-84, July.
  13. Darren Filson & Edward Keen & Eric Fruits & Thomas E. Borcherding, . "Market Power and Cartel Formation: Theory and an Empirical Test," Claremont Colleges Working Papers 2000-31, Claremont Colleges.
  14. Aw, Bee Yan, 1992. "An empirical model of mark-ups in a quality-differentiated export market," Journal of International Economics, Elsevier, vol. 33(3-4), pages 327-344, November.
  15. George J. Stigler, 1974. "Free Riders and Collective Action: An Appendix to Theories of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 359-365, Autumn.
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Cited by:
  1. Kachel, Yael & Finkelsthain, Israel, 2009. "Antitrust Legislation and Cooperation in Fish Marketing," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 37(2).
  2. Messer, Kent D. & Schmit, Todd M. & Kaiser, Harry M., 2005. "Optimal Institutional Mechanisms for Funding Generic Advertising: An Experimental Analysis," 2005 Annual meeting, July 24-27, Providence, RI 19130, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Balagtas, Joseph Valdes & Masters, William J. & Zimmer, Timothy, 2005. "Cartel Pricing with Entry: the Experience of the Far West Marketing Order for Spearmint," 2005 Annual meeting, July 24-27, Providence, RI 19328, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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