IDEAS home Printed from https://ideas.repec.org/p/ags/iaae12/126203.html
   My bibliography  Save this paper

Survey of Empirical Studies of Market Power in Food Industries

Author

Listed:
  • Perekhozhuk, Oleksandr
  • Glauben, Thomas
  • Teuber, Ramona
  • Grings, Michael

Abstract

The objective of this study is, based on the existing literature, to provide a general systematic characteristic of market structure models. We distinguish cost, production, profit, revenue functions, as well as the general identification approach as most plausible methods to measure the degree of market power. Using time-series data of the Ukrainian milk processing industry, as an example, we utilized the production approach to estimate the exercise of oligopsony power, test functional forms and verify estimation methods. The results of two-equation models did not produce any evidence suggesting the exercise of market power, whereas, the three-equation models revealed the presence of oligopsony.

Suggested Citation

  • Perekhozhuk, Oleksandr & Glauben, Thomas & Teuber, Ramona & Grings, Michael, 2012. "Survey of Empirical Studies of Market Power in Food Industries," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126203, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae12:126203
    DOI: 10.22004/ag.econ.126203
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/126203/files/OP_Poster_IAAE_2012_sub.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.126203?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bresnahan, Timothy F., 1982. "The oligopoly solution concept is identified," Economics Letters, Elsevier, vol. 10(1-2), pages 87-92.
    2. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brissimis, Sophocles N. & Delis, Manthos D., 2011. "Bank-level estimates of market power," European Journal of Operational Research, Elsevier, vol. 212(3), pages 508-517, August.
    2. David Bouras & Troy Frank & Eric Burgess, 2017. "Functional Forms and Oligopolistic Models: An Empirical Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 645-649.
    3. Azzeddine Azzam & David Rosenbaum, 2001. "Differential efficiency, market structure and price," Applied Economics, Taylor & Francis Journals, vol. 33(10), pages 1351-1357.
    4. Boyd, Roy G. & Jung, Chulho & Seldon, Barry J., 1995. "The market structure of the US aluminum industry," Journal of Economics and Business, Elsevier, vol. 47(3), pages 293-301, August.
    5. Bakucs, Lajos Zoltan & Ferto, Imre & Hockmann, Heinrich & Perekhozhuk, Oleksandr, 2009. "Market power on the edge? An analysis of the German and Hungarian hog markets," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 58(08), pages 1-9, November.
    6. Yoshitsugu Kanemoto, 2013. "Pitfalls in estimating “wider economic benefits” of transportation projects," GRIPS Discussion Papers 13-20, National Graduate Institute for Policy Studies.
    7. Coccorese, Paolo, 2009. "Market power in local banking monopolies," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1196-1210, July.
    8. Sckokai, Paolo & Soregaroli, Claudio & Moro, Daniele, 2009. "Estimating Market Power By Retailers In The Italian Parmigiano Reggiano And Grana Padano Cheese Market," 2009 Conference, August 16-22, 2009, Beijing, China 51425, International Association of Agricultural Economists.
    9. Suzuki, Nobuhiro & Kaiser, Harry M. & Lenz, John E. & Forker, Olan D., 1993. "Evaluating U.S. Generic Milk Advertising Effectiveness Using An Imperfect Competition Model," Research Bulletins 123015, Cornell University, Department of Applied Economics and Management.
    10. Lass, Daniel A. & Lavoie, Nathalie & Fetter, T. Robert, 2005. "Market Power in Direct Marketing of Fresh Produce: Community Supported Agriculture Farms," Working Paper Series 14514, University of Massachusetts, Amherst, Department of Resource Economics.
    11. Paolo Coccorese & Alfonso Pellecchia, 2010. "Testing the ‘Quiet Life’ Hypothesis in the Italian Banking Industry," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 39(3), pages 173-202, November.
    12. Simpasa, Anthony, 2010. "Characterising market power and its determinants in the Zambian banking indudstry," MPRA Paper 27232, University Library of Munich, Germany.
    13. Morakinyo O. Adetutu & Thomas G. Weyman-Jones, 2019. "Fuel Subsidies Versus Market Power: Is There a Countervailing Second-Best Optimum?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1619-1646, December.
    14. Patrice Bougette & Oliver Budzinski & Frédéric Marty, 2019. "Exploitative Abuse and Abuse of Economic Dependence: What Can We Learn From an Industrial Organization Approach?," Revue d'économie politique, Dalloz, vol. 129(2), pages 261-286.
    15. Henry Nieuwenhuijsen & Gerrit de Wit & Frank Hindriks, 2000. "Comparative advantages in estimating markups," Scales Research Reports H200003, EIM Business and Policy Research.
    16. Svanidze, Miranda, 2020. "Spatial market efficiency of grain markets in the post-Soviet countries and implications for global food security," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 96, number 96.
    17. Liang, Jing, 2010. "Three essays on food safety and foodborne illness," ISU General Staff Papers 201001010800002782, Iowa State University, Department of Economics.
    18. Perloff, Jeffrey M, 1991. "Econometric analysis of imperfect competition and implications for trade research," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt46w1j22d, Department of Agricultural & Resource Economics, UC Berkeley.
    19. Maqsood Memon & Yaseen Ghulam, 2019. "Impact of Privatisation and Broader Reforms on the Competitiveness of the Cement Manufacturing Industry in Pakistan," Review of Economics & Finance, Better Advances Press, Canada, vol. 16, pages 76-88, May.
    20. Bhattacharyya, Aditi & Kutlu, Levent & Sickles, Robin C., 2018. "Pricing Inputs and Outputs: Market prices versus shadow prices, market power, and welfare analysis," Working Papers 18-009, Rice University, Department of Economics.

    More about this item

    Keywords

    Agribusiness; Demand and Price Analysis; Industrial Organization;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iaae12:126203. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.