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Corruption! At Flemington Markets? A Case Study in Public Policy

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  • Tunstall, Allan W.

Abstract

A case study of attempts by producers to obtain market reform is presented. Important background to the case is producers traditional mistrust of middlemen and the alleged failure of government regulations to protect the interests of producers. The New South Wales Farmers Association have attacked the Markets as corrupt and riddled with fraudulent malpractice. The paper analyses the events and processes which followed these allegations. An attempt is made to obtain a better theoretical understanding of the nature of competition in the Markets. The role of the bureaucracy in perpetuating the situation through narrow adherence to simplistic economics is examined.

Suggested Citation

  • Tunstall, Allan W., 1992. "Corruption! At Flemington Markets? A Case Study in Public Policy," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(01), pages 1-11, April.
  • Handle: RePEc:ags:remaae:12497
    DOI: 10.22004/ag.econ.12497
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    References listed on IDEAS

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    1. W.R. Stent, 1976. "Critique Of The Methodology Of Australian Agricultural Economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 20(1), pages 1-18, April.
    2. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    3. Richardson, Bob, 1986. "Some Current Issues In The Marketing Of Agricultural Products," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 30(2-3), pages 1-14, August.
    4. B.J. Standen, 1983. "Agricultural Policy Formation: The Differing Functions Of Independent Analysts And Advisers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 27(2), pages 93-103, August.
    5. Stent, W.R., 1976. "Critique Of The Methodology Of Australian Agricultural Economics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(1), pages 1-18, April.
    6. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    7. Bob Richardson, 1986. "Some Current Issues In The Marketing Of Agricultural Products," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 30(2-3), pages 89-102, 08-12.
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    Cited by:

    1. Crase, Lin & Dollery, Brian, 1999. "The valuation of market information from livestock selling complexes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 43(2), pages 1-14, June.

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    Keywords

    Agricultural and Food Policy;

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