Market Power in the Corn Sector: How Does It Affect the Impacts of the Ethanol Subsidy?
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.42457
Download full text from publisher
References listed on IDEAS
- Holt, Matthew T & Johnson, Stanley R, 1989.
"Bounded Price Variation and Rational Expectations in an Endogenous Switching Model of the U.S. Corn Market,"
The Review of Economics and Statistics, MIT Press, vol. 71(4), pages 605-613, November.
- Holt, Matthew & Johnson, Stanley R., 1989. "Bounded Price Variation and Rational Expectations in an Endogenous Switching Model of the U.S. Corn Market," Staff General Research Papers Archive 267, Iowa State University, Department of Economics.
- Richard J. Rosen, 1991.
"Research and Development with Asymmetric Firm Sizes,"
RAND Journal of Economics, The RAND Corporation, vol. 22(3), pages 411-429, Autumn.
- Richard J. Rosen, 1988. "Research and development with asymmetric firm sizes," Finance and Economics Discussion Series 17, Board of Governors of the Federal Reserve System (U.S.).
- Gardner Bruce, 2007. "Fuel Ethanol Subsidies and Farm Price Support," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(2), pages 1-22, December.
- Giancarlo Moschini & Harvey Lapan, 1997.
"Intellectual Property Rights and the Welfare Effects of Agricultural R&D,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1229-1242.
- Moschini, GianCarlo & Lapan, Harvey E., 1997. "Intellectual Property Rights and the Welfare Effects of Agricultural R & D," Staff General Research Papers Archive 5048, Iowa State University, Department of Economics.
- Moschini, GianCarlo & LAPAN, HARVEY E, 1997. "Intellectual Property Rights and the Welfare Effects of Agricultural R&D," ISU General Staff Papers 199703010800001286, Iowa State University, Department of Economics.
- Moschini, GianCarlo & Lapan, Harvey E., 1999. "Intellectual Property Rights and the Welfare Effects of Agricultural R&D," Staff General Research Papers Archive 1735, Iowa State University, Department of Economics.
- 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, March.
- Shalit, Haim & Yitzhaki, Shlomo, 2002. "Estimating Beta," Review of Quantitative Finance and Accounting, Springer, vol. 18(2), pages 95-118, March.
- Rafi Melnick & Haim Shalit, 1985. "Estimating the Market for Tomatoes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 573-582.
- Foreman, Linda F., 2006. "Characteristics and Production Costs of U.S. Corn Farms, 2001," Economic Information Bulletin 7205, United States Department of Agriculture, Economic Research Service.
- Steve McCorriston, 2002. "Why should imperfect competition matter to agricultural economists?," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 29(3), pages 349-371, July.
- Habtu Tadesse Weldegebriel, 2004. "Imperfect Price Transmission: Is Market Power Really to Blame?," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(1), pages 101-114, March.
- M. Bronfenbrenner, 1961. "Notes On The Elasticity Of Derived Demand," Oxford Economic Papers, Oxford University Press, vol. 13(3), pages 254-261.
- Sexton, Richard J. & Lavoie, Nathalie, 2001. "Food processing and distribution: An industrial organization approach," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 15, pages 863-932, Elsevier.
- Taheripour, Farzad & Tyner, Wallace E., 2007. "Ethanol Subsidies, Who Gets the Benefits?," Biofuels, Food and Feed Tradeoffs Conference, April 12-13, 2007, St, Louis, Missouri 313702, Farm Foundation.
- Tyner, Wallace E. & Thaeripour, Farzad, 2007. "Future biofuels policy alternatives," Biofuels, Food and Feed Tradeoffs Conference, April 12-13, 2007, St, Louis, Missouri 48777, Farm Foundation.
- Mingxia Zhang, 1997. "The Effects of Imperfect Competition on the Size and Distribution of Research Benefits," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1252-1265.
- Schmitz Andrew & Moss Charles B. & Schmitz Troy G., 2007. "Ethanol: No Free Lunch," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(2), pages 1-28, December.
- Tyner, Wallace E. & Taheripour, Farzad, 2007. "Future Biofuels Policy Alternatives," Biofuels, Food and Feed Tradeoffs Conference, April 12-13, 2007, St, Louis, Missouri 313694, Farm Foundation.
- Shu-Yu Huang & Richard J. Sexton, 1996. "Measuring Returns to an Innovation in an Imperfectly Competitive Market: Application to Mechanical Harvesting of Processing Tomatoes in Taiwan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(3), pages 558-571.
- Shonkwiler, J S & Maddala, G S, 1985. "Modeling Expectations of Bounded Prices: An Application to the Market for Corn," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 697-702, November.
- Richard J. Sexton, 2000. "Industrialization and Consolidation in the U.S. Food Sector: Implications for Competition and Welfare," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1087-1104.
- Thaeripour, Farzad & Tyner, Wallace E., 2007. "Ethanol subsidies, Who gets the benefits?," Biofuels, Food and Feed Tradeoffs Conference, April 12-13, 2007, St, Louis, Missouri 48776, Farm Foundation.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ciaian, Pavel & Kancs, d'Artis, 2011.
"Interdependencies in the energy-bioenergy-food price systems: A cointegration analysis,"
Resource and Energy Economics, Elsevier, vol. 33(1), pages 326-348, January.
- Pavel Ciaian & d'Artis Kancs, 2009. "Interdependencies in the Energy-Bioenergy-Food Price Systems: A Cointegration Analysis," EERI Research Paper Series EERI_RP_2009_06, Economics and Econometrics Research Institute (EERI), Brussels.
- Ciaian, Pavel & Kancs, d'Artis, 2010. "Interdependencies in the Energy-Bioenergy-Food Price Systems: A Cointegration Analysis," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61009, Agricultural and Applied Economics Association.
- Pavel Ciaian & Edoardo Baldoni & d'Artis Kancs & Dušan Drabik, 2021.
"The Capitalization of Agricultural Subsidies into Land Prices,"
Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 17-38, October.
- Pavel Ciaian & Edoardo Baldoni & d'Artis Kancs & Dusan Drabik, 2020. "The Capitalization of Agricultural Subsidies into Land Prices," EERI Research Paper Series EERI RP 2020/09, Economics and Econometrics Research Institute (EERI), Brussels.
- BALDONI Edoardo & KANCS D'artis & CIAIAN Pavel & DRABIK Dusan, 2021. "The capitalisation of agricultural subsidies into farmland prices," JRC Research Reports JRC126423, Joint Research Centre.
- Karel Janda & Ladislav Krištoufek, 2019. "The Relationship Between Fuel and Food Prices: Methods and Outcomes," Annual Review of Resource Economics, Annual Reviews, vol. 11(1), pages 195-216, October.
- Thomas Kopp, 2022. "When switching costs cause market power: Rubber processing in Indonesia," Agricultural Economics, International Association of Agricultural Economists, vol. 53(3), pages 481-495, May.
- Mélanie Jaeck & Robert Lifran & Hubert Stahn, 2012. "Emergence of Organic Farming under Imperfect Competition," AMSE Working Papers 1239, Aix-Marseille School of Economics, France.
- Jinho Jung & Juan Sesmero & Ralph Siebert, 2020. "Spatial Differentiation and Market Power in Input Procurement: Evidence from a Structural Model of the Corn Market," CESifo Working Paper Series 8088, CESifo.
- Swanson, Andrew C., 2023. "The Pass-Through of California’s Low Carbon Fuel Standard Subsidies to Midwestern Grain and By-Product Markets," 2023 Annual Meeting, July 23-25, Washington D.C. 335864, Agricultural and Applied Economics Association.
- Qiu, Cheng & Colson, Gregory & Wetzstein, Michael, 2014.
"An ethanol blend wall shift is prone to increase petroleum gasoline demand,"
Energy Economics, Elsevier, vol. 44(C), pages 160-165.
- Qiu, Cheng & Colson, Gregory & Zhang, Zibin & Wetzstein, Michael E., 2011. "An Ethanol Blend Wall Shift is Prone to Increase Petroleum Gasoline Demand," 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas 98795, Southern Agricultural Economics Association.
- Çakır, Metin & Nolan, James, 2015.
"Revisiting Concentration in Food and Agricultural Supply Chains: The Welfare Implications of Market Power in a Complementary Input Sector,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 40(2), pages 1-17, May.
- Cakir, Metin & Nolan, James, 2014. "Revisiting Concentration in Food and Agricultural Supply Chains: The Welfare Implications of Market Power in a Complementary Input Sector," Staff Papers 179168, University of Minnesota, Department of Applied Economics.
- Ciaian, Pavel & Kancs, d'Artis, 2011.
"Food, energy and environment: Is bioenergy the missing link?,"
Food Policy, Elsevier, vol. 36(5), pages 571-580, October.
- Pavel Ciaian & d'Artis Kancs, 2011. "Food, Energy and Environment : is Bioenergy the missing link?," LICOS Discussion Papers 29211, LICOS - Centre for Institutions and Economic Performance, KU Leuven.
- Jung, Jinho & Sesmero, Juan Pablo & Balagtas, Joseph V., 2017. "Market Power in Feedstock Procurement and Economic Effects of Corn Ethanol," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258544, Agricultural and Applied Economics Association.
- Mélanie Jaeck & Robert Lifran & Hubert Stahn, 2012. "Emergence of Organic Farming under Imperfect Competition: Economic Conditions and Incentives," Working Papers hal-02805961, HAL.
- Tepe, Fatma Sine, 2010. "Biofuel policy and stock price in imperfectly competitive markets," ISU General Staff Papers 201001010800002642, Iowa State University, Department of Economics.
- Saitone Tina L & Sexton Richard J., 2009. "A Flexible Oligopoly-Oligopsony Model for Classroom Simulations and Policy Analyses," Journal of Industrial Organization Education, De Gruyter, vol. 4(1), pages 1-16, March.
- Mélanie Jaeck & Robert Lifran & Hubert Stahn, 2012.
"Emergence of Organic Farming under Imperfect Competition: Economic Conditions and Incentives,"
Working Papers
hal-02805961, HAL.
- Mélanie Jaeck & Robert Lifran & Hubert Stahn, 2012. "Emergence of Organic Farming under Imperfect Competition: Economic Conditions and Incentives," Working Papers halshs-00793671, HAL.
- Karel Janda & Ladislav Kristoufek, 2019. "The relationship between fuel and food prices: Methods, outcomes, and lessons for commodity price risk management," CAMA Working Papers 2019-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Jaeck Mélanie & Lifran Robert & Stahn Hubert, 2014.
"Emergence of Organic Farming under Imperfect Competition: Economic Conditions and Policy Instruments,"
Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 12(1), pages 1-14, January.
- Mélanie Jaeck & Robert Lifran & Hubert Stahn, 2014. "Emergence of organic farming under imperfect competition: economic conditions and policy instruments," Post-Print hal-01123391, HAL.
- Poe, Abby & Coatney, Kalyn & Coble, Keith & Freeman, Matt, 2014. "Farm Subsidy Incidence in the Presence of Bertrand Competitors of Complementary Factors of Production: A Theoretical Approach," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162507, Southern Agricultural Economics Association.
- Zhengyi Dong, 2019. "Does the Development of Bioenergy Exacerbate the Price Increase of Maize?," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
- Yanbing Wang & Michael S. Delgado & Juan Sesmero & Benjamin M. Gramig, 2020. "Market Structure and the Local Effects of Ethanol Expansion on Land Allocation: A Spatially Explicit Analysis," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(5), pages 1598-1622, October.
- Jinho Jung & Juan Sesmero & Ralph Siebert, 2022. "A structural estimation of spatial differentiation and market power in input procurement," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 613-644, March.
- Serra, Teresa & Zilberman, David, 2013. "Biofuel-related price transmission literature: A review," Energy Economics, Elsevier, vol. 37(C), pages 141-151.
- Abby Kelly & Kalyn T. Coatney & Xiaofei Li & Keith H. Coble, 2020. "Subsidy Incidence in the Presence of Bertrand Suppliers of Complementary Inputs: A U.S. Agricultural Example," Journal of Industry, Competition and Trade, Springer, vol. 20(3), pages 479-501, September.
- Swanson, Andrew C., 2022. "Corn, Carbon, and Competition: The Low Carbon Fuel Standard's Effects on Imperfectly Competitive Corn Markets," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322442, Agricultural and Applied Economics Association.
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.- Sexton, Richard J. & Sheldon, Ian M. & McCorriston, Steve & Wang, Humei, 2004. "Analyzing Vertical Market Structure And Its Implications For Trade Liberalization," 2004 Annual meeting, August 1-4, Denver, CO 20060, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- David M. McEvoy & Sylvia Brandt & Sven Anders, 2009.
"The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector Is Imperfectly Competitive,"
Land Economics, University of Wisconsin Press, vol. 85(3), pages 470-484.
- David M. McEvoy & Sylvia Brandt & Nathalie Lavoie & Sven Anders, 2007. "The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector is Imperfectly Competitive," Working Papers 2007-3, University of Massachusetts Amherst, Department of Resource Economics.
- McEvoy, David M. & Brandt, Sylvia J. & Lavoie, Nathalie & Anders, Sven M., 2007. "The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector is Imperfectly Competitive," Working Paper Series 7389, University of Massachusetts, Amherst, Department of Resource Economics.
- Çakır, Metin & Nolan, James, 2015.
"Revisiting Concentration in Food and Agricultural Supply Chains: The Welfare Implications of Market Power in a Complementary Input Sector,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 40(2), pages 1-17, May.
- Cakir, Metin & Nolan, James, 2014. "Revisiting Concentration in Food and Agricultural Supply Chains: The Welfare Implications of Market Power in a Complementary Input Sector," Staff Papers 179168, University of Minnesota, Department of Applied Economics.
- Sheldon, Ian M., 2017. "The Competitiveness Of Agricultural Product And Input Markets: A Review And Synthesis Of Recent Research," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 49(1), pages 1-44, February.
- Tian Xia & Brian Sancewich, 2018. "Interaction between buyer power in agricultural procurement and seller power in food retailing, and optimal allocation of anti-trust efforts," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 6(1), pages 1-19, December.
- Jan Falkowski & Pavel Ciaian, 2016. "Factors Supporting the Development of Producer Organizations and their Impacts in the Light of Ongoing Changes in Food Supply Chains: A Literature Review," JRC Research Reports JRC101617, Joint Research Centre.
- Alessandro Bonanno & Carlo Russo & Luisa Menapace, 2018. "Market power and bargaining in agrifood markets: A review of emerging topics and tools," Agribusiness, John Wiley & Sons, Ltd., vol. 34(1), pages 6-23, December.
- Ian M. Sheldon, 2021. "Reflections on a Career as an Industrial Organization and International Economist," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 468-499, June.
- Daphne M.I. Verreth & Grigorios Emvalomatis & Frank Bunte & Ron Kemp & Alfons G.J.M. Oude Lansink, 2015. "Price Transmission, International Trade, and Asymmetric Relationships in the Dutch Agri‐Food Chain," Agribusiness, John Wiley & Sons, Ltd., vol. 31(4), pages 521-542, October.
- Du, Xiaodong, 2008. "Essays on land cash rents, biofuels, and their interactions," ISU General Staff Papers 200801010800001979, Iowa State University, Department of Economics.
- Lukáš Čechura & Tinoush Jamali Jaghdani, 2021. "Market Imperfections within the European Wheat Value Chain: The Case of France and the United Kingdom," Agriculture, MDPI, vol. 11(9), pages 1-21, August.
- 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.
- Perekhozhuk, Oleksandr, 2007.
"Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch,"
Studies on the Agricultural and Food Sector in Transition Economies,
Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 41, number 92322.
- Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch [Market structure and pricing on the Ukrainian market for raw milk]," MPRA Paper 21958, University Library of Munich, Germany.
- Xiaodong Du & Dermot J. Hayes & Mindy L. Mallory, 2009.
"A Welfare Analysis of the U.S. Ethanol Subsidy,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 669-676.
- Xiaodong Du & Dermot J. Hayes & Mindy L. Mallory, 2009. "A Welfare Analysis of the U.S. Ethanol Subsidy," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 669-676, December.
- Xiaodong Du & Dermot J. Hayes & Mindy L. Baker, 2008. "Welfare Analysis of the U.S. Ethanol Subsidy, A," Center for Agricultural and Rural Development (CARD) Publications 08-wp480, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Du, Xiaodong & Hayes, Dermot J. & Baker, Mindy, 2010. "A Welfare Analysis of the U.S. Ethanol Subsidy," Staff General Research Papers Archive 31532, Iowa State University, Department of Economics.
- Du, Xiaodong & Hayes, Dermot J. & Baker, Mindy L., 2009. "A Welfare Analysis of the U.S. Ethanol Subsidy," ISU General Staff Papers 200901010800001501, Iowa State University, Department of Economics.
- Maes, Dries & Vancauteren, Mark & Van Passel, Steven, 2019. "Investigating market power in the Belgian pork production chain," Review of Agricultural, Food and Environmental Studies, Institut National de la Recherche Agronomique (INRA), vol. 100(1-4), November.
- Bielen, David A. & Newell, Richard G. & Pizer, William A., 2018.
"Who did the ethanol tax credit benefit? An event analysis of subsidy incidence,"
Journal of Public Economics, Elsevier, vol. 161(C), pages 1-14.
- David A. Bielen & Richard G. Newell & William A. Pizer, 2016. "Who Did the Ethanol Tax Credit Benefit? An Event Analysis of Subsidy Incidence," NBER Working Papers 21968, National Bureau of Economic Research, Inc.
- Bielen, David & Newell, Richard G. & Pizer, William, 2018. "Who Did the Ethanol Tax Credit Benefit? An Event Analysis of Subsidy Incidence," RFF Working Paper Series 18-10, Resources for the Future.
- Tyner, Wallace E. & Taheripour, Farzad & Perkis, David, 2010. "Comparison of fixed versus variable biofuels incentives," Energy Policy, Elsevier, vol. 38(10), pages 5530-5540, October.
- Weatherspoon, Dave D. & Oehmke, James F. & Wolf, Christopher A. & Naseem, Anwar & Maredia, Mywish K. & Hightower, Amie L., 1999. "Global Implications From A North-North-South Trade Model: A Biotech Revolution," Staff Paper Series 11566, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Dries Maes & Mark Vancauteren & Steven Passel, 2019. "Investigating market power in the Belgian pork production chain," Review of Agricultural, Food and Environmental Studies, Springer, vol. 100(1), pages 93-117, December.
- Byeong‐Il Ahn & Hyunok Lee, 2010. "An equilibrium displacement approach to oligopoly market analysis: an application to trade in the Korean infant formula market," Agricultural Economics, International Association of Agricultural Economists, vol. 41(2), pages 101-109, March.
More about this item
Keywords
Agricultural and Food Policy;Statistics
Access and download statisticsCorrections
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:jlaare:42457. 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/waeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.