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A Line in Space: Pricing, Location, and Market Power in Agricultural Product Markets

Author

Listed:
  • Marten Graubner

    (Leibniz Institute of Agricultural Development in Transition Economies (IAMO), 06120 Halle (Saale), Germany)

  • Klaus Salhofer

    (Institute for Sustainable Economic Development, University of Natural Resources and Life Sciences (BOKU), 1180 Vienna, Austria)

  • Christoph Tribl

    (Federal Institute of Agricultural Economics, Rural and Mountain Research (BAB), 1030 Vienna, Austria)

Abstract

Agricultural economists have a long history of emphasizing and analyzing the spatial dimension of agricultural and food markets. Despite a rich body of literature and important contributions to agricultural and spatial economics, one aspect is frequently disregarded: the oligopsonistic nature of agricultural markets due to spatial competition of neighboring buyers of farm products. This review presents the theoretical foundations of spatial pricing, competition, and location in terms of buyer power and discusses concepts that are relevant for agricultural markets. By providing a comprehensive overview of prior work, we highlight the multifaceted areas of applications to agricultural markets. Additionally, we discuss future research avenues for and challenges of the analysis of spatial competition in agricultural economics.

Suggested Citation

  • Marten Graubner & Klaus Salhofer & Christoph Tribl, 2021. "A Line in Space: Pricing, Location, and Market Power in Agricultural Product Markets," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 85-107, October.
    • Handle: RePEc:anr:reseco:v:13:y:2021:p:85-107
    DOI: 10.1146/annurev-resource-110220-010922
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    Keywords

    agricultural markets; spatial competition; buyer market power; spatial price discrimination; spatial differentiation;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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