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Measuring Market Power for Marketing Firms: The Case of Japanese Soyabean Markets

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  • Ohno, Konomi
  • Gallagher, Paul

Abstract

This paper extends Bresnhan's market power measure, which can be estiamted exonometrically, to marketing firms that have potential for price discrimination. An investigation of Japanese soyabean markets during 1973-78 using the model reveals an episode in which Japanese importers exercised some market power for several years after the US soyabean embargo of June 1973. An analysis of welfare loss and exchange rate transmission is also presented.

Suggested Citation

  • Ohno, Konomi & Gallagher, Paul, 1992. "Measuring Market Power for Marketing Firms: The Case of Japanese Soyabean Markets," 1992 Occasional Paper Series No. 6 197735, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo6:197735
    DOI: 10.22004/ag.econ.197735
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    References listed on IDEAS

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    1. Bresnahan, Timothy F., 1982. "The oligopoly solution concept is identified," Economics Letters, Elsevier, vol. 10(1-2), pages 87-92.
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    Crop Production/Industries; Marketing;

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