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How Competitive is the World Wheat Market?

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Author Info
Colin Carter (University of California, Davis)
Donald MacLaren (University of Melbourne)
Alper Yilmaz (University of California, Davis)

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Abstract

Japan is one of the largest importers of wheat in the world, with imports originating from three countries, Australia, Canada, and the United States. Australia, Canada, and Japan all use a government single-desk agency to control wheat trade. Many previous studies on competition in the world grain trade have argued the market is imperfectly competitive, and they often point to the Japanese market. We study the Japanese wheat import market for this reason, but find no compelling evidence of imperfect competition.

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Publisher Info
Paper provided by Department of Agricultural & Resource Economics, UC Davis in its series Department of Agricultural & Resource Economics, UC Davis, Working Paper Series with number 1043.

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Date of creation: 01 Jul 1999
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Handle: RePEc:cdl:aredav:1043

Note: oai:cdlib1:are-1043
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Keywords: wheat trade competition

References listed on IDEAS
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  1. Wolak, Frank A & Kolstad, Charles D, 1991. "A Model of Homogeneous Input Demand under Price Uncertainty," American Economic Review, American Economic Association, vol. 81(3), pages 514-38, June. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. Carter, Colin A & MacLaren, Donald, 1997. "Price or Quantity Competition? Oligopolistic Structures in International Commodity Markets," Review of International Economics, Blackwell Publishing, vol. 5(3), pages 373-85, August.
  4. Sampson, Gary P & Snape, Richard H, 1980. "Effects of the EEC's Variable Import Levies," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 1026-40, October. [Downloadable!] (restricted)
  5. Karp, Larry S & Perloff, Jeffrey M, 1989. "Dynamic Oligopoly in the Rice Export Market," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 462-70, August. [Downloadable!] (restricted)
  6. Pinelopi K. Goldberg & Michael M. Knetter, 1995. "Measuring the Intensity of Competition in Export Markets," NBER Working Papers 5226, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-33, March. [Downloadable!] (restricted)
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