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The Farm-Wholesale Price Spread In An Imperfectly Competitive Market: A Dynamic Approach

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Author Info
Herrera, Jose E.
Abstract

The time series properties of the farm-wholesale price spread are used to generate conjectural elasticities, measuring marketing firms' market power in a commodity market. Results show that dynamic models improve upon traditional static models by capturing intertemporal supply and prices effects. Efficiency gains of the estimates are also observed.

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File URL: http://purl.umn.edu/20859
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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number 20859.

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Date of creation: 1998
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Handle: RePEc:ags:aaea98:20859

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Related research
Keywords: Demand and Price Analysis;

References listed on IDEAS
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.:

  1. Eckstein, Zvi, 1984. "A Rational Expectations Model of Agricultural Supply," Journal of Political Economy, University of Chicago Press, vol. 92(1), pages 1-19, February. [Downloadable!] (restricted)
  2. Schroeter, John R. & Azzam, Azzeddine, 2003. "Marketing Margins, Market Power, and Price Uncertainty," Staff General Research Papers 11110, Iowa State University, Department of Economics.
  3. Geroski, Paul A, 1988. "In Pursuit of Monopoly Power: Recent Quantitative Work in Industrial Economics," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 3(2), pages 107-23, April. [Downloadable!] (restricted)
  4. Rust, J., 1992. "Do Peaple Behave According to Bellman's Principle of Optimality," Papers e-92-10, Stanford - Hoover Institution.
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