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An Imperfectly Competitive Market Model Of The U.S. Lettuce Industry

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  • Hammig, Michael D.
  • Mittelhammer, Ronald C.

Abstract

An econometric model was specified to represent the U.S. lettuce industry. Cursory examination of the industry structure suggests that imperfect competition may prevail in the lettuce market. Therefore, relations were specified that allowed for the possibility of imperfectly competitive behavior to affect market equilibrium outcomes. Specifically, a supply price equation was specified to account for the influence of market power of large growers, particularly during seasons of geographically concentrated production. Results do not contradict the hypothesis that imperfect competition exists in the lettuce market.

Suggested Citation

  • Hammig, Michael D. & Mittelhammer, Ronald C., 1980. "An Imperfectly Competitive Market Model Of The U.S. Lettuce Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(1), pages 1-12, July.
    • Handle: RePEc:ags:wjagec:32531
    DOI: 10.22004/ag.econ.32531
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    1. Hammig, Michael D., 1979. "Regional Acreage Response by Quarter for Fresh Tomatoes: An Example of the Use of Mixed Estimation," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 11(2), pages 69-74, December.
    2. Marc Nerlove, 1956. "Estimates of the Elasticities of Supply of Selected Agricultural Commodities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(2), pages 496-509.
    3. Hammig, Michael D., 1979. "Regional Acreage Response By Quarter For Fresh Tomatoes: An Example Of The Use Of Mixed Estimation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-6, December.
    4. Lin, William, 1977. "Measuring Aggregate Supply Response Under Instability," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283678, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Marc Nerlove & William Addison, 1958. "Statistical Estimation of Long-Run Elasticities of Supply and Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(4), pages 861-880.
    6. Shiller, Robert J, 1973. "A Distributed Lag Estimator Derived from Smoothness Priors," Econometrica, Econometric Society, vol. 41(4), pages 775-788, July.
    7. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    8. William Lin, 1977. "Measuring Aggregate Supply Response under Instability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(5), pages 903-907.
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    Cited by:

    1. Ferrier, Peyton M. & Zhen, Chen & Bovay, John, 2023. "Price and Welfare Effects of the Food Safety Modernization Act Produce Safety Rule," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(1), January.
    2. Ornelas, Fermin & Shumway, C. Richard, 1993. "Supply Response and Impact of Government-Supported Crops on the Texas Vegetable Industry," Agricultural and Resource Economics Review, Cambridge University Press, vol. 22(1), pages 27-36, April.
    3. Mittlehammer, Ron C., 1983. "Mixed Estimation: A New Perspective," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279112, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Lohr, Luanne & Park, Timothy A., 1992. "Certification And Supply Response In The Organic Lettuce Market," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(2), pages 1-13, December.

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