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On Storage Behavior Under Imperfect Competition, with Application to the American Cheese Market

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  • Jean-Paul Chavas

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  • Jean-Paul Chavas, 2008. "On Storage Behavior Under Imperfect Competition, with Application to the American Cheese Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 33(4), pages 325-339, December.
  • Handle: RePEc:kap:revind:v:33:y:2008:i:4:p:325-339
    DOI: 10.1007/s11151-008-9190-z
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    1. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
    2. Kirman, Alan P & Sobel, Matthew J, 1974. "Dynamic Oligopoly with Inventories," Econometrica, Econometric Society, vol. 42(2), pages 279-287, March.
    3. Williams,Jeffrey C. & Wright,Brian D., 2005. "Storage and Commodity Markets," Cambridge Books, Cambridge University Press, number 9780521023399, May.
    4. Brian W. Gould & Huei Chin Lin, 1994. "The demand for cheese in the United States: The role of household composition," Agribusiness, John Wiley & Sons, Ltd., vol. 10(1), pages 43-59.
    5. repec:exe:wpaper:00/17 is not listed on IDEAS
    6. Mollgaard, H.P. & Poddar, S. & Sasaki, D., 2000. "Strategic Inventories in Two-period Oligopoly," Discussion Papers 0017, University of Exeter, Department of Economics.
    7. Huang, Kuo S., 1985. "U.S Demand for Food: A Complete System of Price and Icome Effects," Technical Bulletins 206507, United States Department of Agriculture, Economic Research Service.
    8. Saloner, Garth, 1986. "The role of obsolescence and inventory costs in providing commitment," International Journal of Industrial Organization, Elsevier, vol. 4(3), pages 333-345, September.
    9. Nicholas M. Kiefer & Timothy J. Vogelsang, 2002. "Heteroskedasticity-Autocorrelation Robust Standard Errors Using The Bartlett Kernel Without Truncation," Econometrica, Econometric Society, vol. 70(5), pages 2093-2095, September.
    10. Rigoberto Lopez & Azzeddine Azzam & Carmen Lirón-España, 2002. "Market Power and/or Efficiency: A Structural Approach," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 20(2), pages 115-126, March.
    11. Larry Arvan, 1985. "Some Examples of Dynamic Cournot Duopoly with Inventory," RAND Journal of Economics, The RAND Corporation, vol. 16(4), pages 569-578, Winter.
    12. John McLaren, 1999. "Speculation on Primary Commodities: The Effects of Restricted Entry," Review of Economic Studies, Oxford University Press, vol. 66(4), pages 853-871.
    13. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716.
    14. Newbery, David M, 1984. "Commodity Price Stabilization in Imperfect or Cartelized Markets," Econometrica, Econometric Society, vol. 52(3), pages 563-578, May.
    15. Dmitry V. Vedenov & Mario J. Miranda, 2001. "Numerical solution of dynamic oligopoly games with capital investment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 18(1), pages 237-261.
    16. Chavas, Jean-Paul, 2006. "On Storage Behavior Under Imperfect Competition," Working Papers 201527, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
    17. Holbrook Working, 1948. "Theory of the Inverse Carrying Charge in Futures Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 1-28.
    18. Pagoulatos, Emilio & Sorensen, Robert, 1986. "What determines the elasticity of industry demand?," International Journal of Industrial Organization, Elsevier, vol. 4(3), pages 237-250, September.
    19. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 125-132.
    20. Nicholas Kaldor, 1939. "Speculation and Economic Stability," Review of Economic Studies, Oxford University Press, vol. 7(1), pages 1-27.
    21. Julio J. Rotemberg & Garth Saloner, 1989. "The Cyclical Behavior of Strategic Inventories," The Quarterly Journal of Economics, Oxford University Press, vol. 104(1), pages 73-97.
    22. Willard Mueller & Bruce Marion, 2000. "Market Power in the Cheese Industry: Further Evidence," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 17(2), pages 177-191, September.
    23. Sebastien Mitraille, 2004. "Storage Behaviour Of Cournot Duopolists Over The Business Cycle," Royal Economic Society Annual Conference 2004 55, Royal Economic Society.
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    Cited by:

    1. Kornher, Lukas & Kalkuhl, Matthias, 2013. "Food Price Volatility in Developing Countries and its Determinants," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 52(4), pages 1-32, November.

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    More about this item

    Keywords

    Storage; Dynamics; Imperfect competition; D4; L1; Q11;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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