Advanced Search
MyIDEAS: Login to save this paper or follow this series

Modelling Agricultural Commodity Markets under Imperfect Competition

Contents:

Author Info

  • Soregaroli, Claudio
  • Sckokai, Paolo

Abstract

In this paper, we develop a model that explains the exporters’ behaviour in international commodity markets considering explicitly the case of an imperfectly competitive structure of these markets. More specifically, drawing from the imperfect competition and trade literature, we derive price transmission equations between producer and consumer prices and between producer and export prices that can be included in large commodity models in order to verify how results of these models change assuming the imperfect competition hypothesis. The results obtained carrying out a simple simulation exercise, with two competing exporting countries and one importing region, show the relevance of assuming imperfect competition in commodity markets.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/116012
Download Restriction: no

Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 116012.

as in new window
Length:
Date of creation: 02 Sep 2011
Date of revision:
Handle: RePEc:ags:eaae11:116012

Contact details of provider:
Email:
Web page: http://www.eaae.org
More information through EDIRC

Related research

Keywords: Imperfect Competition; State Trading Enterprises; Policy simulation; Cereal markets; International Relations/Trade; Marketing; Q12; Q17; Q18;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

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.:
as in new window
  1. Fengxia Dong & Thomas L. Marsh & Kyle W. Stiegert, 2003. "State Trading Enterprises in a Differentiated Environment: The Case of Global Malting Barley Markets," Center for Agricultural and Rural Development (CARD) Publications 03-wp350, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  2. Dong, Fengxia & Marsh, Thomas L. & Stiegert, Kyle W., 2006. "State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets," Staff General Research Papers 12357, Iowa State University, Department of Economics.
  3. Goldberg, Pinelopi Koujianou & Knetter, Michael M., 1999. "Measuring the intensity of competition in export markets," Journal of International Economics, Elsevier, vol. 47(1), pages 27-60, February.
  4. Patterson, Paul M & Abbott, Philip C, 1994. "Further Evidence on Competition in the US Grain Export Trade," Journal of Industrial Economics, Wiley Blackwell, vol. 42(4), pages 429-37, December.
  5. Richard J. Sexton & Ian Sheldon & Steve McCorriston & Humei Wang, 2007. "Agricultural trade liberalization and economic development: the role of downstream market power," Agricultural Economics, International Association of Agricultural Economists, vol. 36(2), pages 253-270, 03.
  6. Devadoss, Stephen & Westhoff, Patrick & Helmar, Michael D. & Grundmeier, Eric & Skold, Karl D. & Meyers, William H. & Johnson, Stanley R., 1993. "The FAPRI Modeling System: A Documentation Summary," Staff General Research Papers 10871, Iowa State University, Department of Economics.
  7. Hamilton, Stephen F. & Stiegert, Kyle W., 2002. "An empirical test of the rent-shifting hypothesis: the case of state trading enterprises," Journal of International Economics, Elsevier, vol. 58(1), pages 135-157, October.
  8. Taylor, C. Robert & Reichelderfer, Katherine H. & Johnson, Stanley R., 1993. "Agricultural Sector Models for the United States: Descriptions and Selected Policy Applications," Staff General Research Papers 564, Iowa State University, Department of Economics.
  9. Steve McCorriston & Donald MacLaren, 2007. "Deregulation as (Welfare Reducing) Trade Reform: the Case of the Australian Wheat Board," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(3), pages 637-650.
  10. Daniel Mirza, 2006. "How Much Does Trade Contribute to Market Structure?," Economica, London School of Economics and Political Science, vol. 73(289), pages 59-74, 02.
  11. Margherita Scoppola, 2007. "Economies of scale and market structure in international grain trade," Agricultural Economics, International Association of Agricultural Economists, vol. 37(2-3), pages 277-291, 09.
  12. McCorriston, Steve & MacLaren, Donald, 2007. "Do state trading exporters distort trade?," European Economic Review, Elsevier, vol. 51(1), pages 225-246, January.
  13. Devadoss, Stephen & Westhoff, Patrick & Helmar, Michael D. & Grundmeier, Eric & Skold, Karl D. & Meyers, William H. & Johnson, Stanley R., 1993. "The FAPRI Modeling System: A Documentation Summary," Staff General Research Papers 903, Iowa State University, Department of Economics.
  14. Steve McCorriston & Donald MacLaren, 2010. "Assessing the distortionary impact of state trading in China," Agricultural Economics, International Association of Agricultural Economists, vol. 41(3-4), pages 329-335, 05.
  15. Margherita Scoppola, 2007. "Disciplining exporting state trading enterprises under economies of scale and oligopoly," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 34(4), pages 429-459, December.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:eaae11:116012. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.