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Is Pricing Above Marginal Cost An Indication Of Market Power In The U.S. Meatpacking Industry?

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  • Panagiotou, Dimitrios

Abstract

There have been concerns about the increasing concentration in the meat packing industry. But this increased concentration may be due to various types of cost economies. In this paper we prove the existence of scale economies that might justify the increased consolidation in the industry.

Suggested Citation

  • Panagiotou, Dimitrios, 2005. "Is Pricing Above Marginal Cost An Indication Of Market Power In The U.S. Meatpacking Industry?," 2005 Annual meeting, July 24-27, Providence, RI 19218, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19218
    DOI: 10.22004/ag.econ.19218
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    References listed on IDEAS

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    1. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275.
    2. Olson, Dennis O. & Shieh, Yeung-Nan, 1989. "Estimating functional forms in cost-prices," European Economic Review, Elsevier, vol. 33(7), pages 1445-1461, September.
    3. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
    4. Catherine J. Morrison, 1997. "Structural Change, Capital Investment and Productivity in the Food Processing Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 110-125.
    5. Panagiotou, Dimitrios, 2005. "Cointegration, Error Correction, And The Measurement Of Oligopsony Conduct In The U.S. Cattle Market," 2005 Annual meeting, July 24-27, Providence, RI 19201, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Keywords

    Demand and Price Analysis;

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