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Monopolistic Cocoa Pricing

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  • Jere R. Behrman

Abstract

Although attempts to introduce international regulation as a device to benefit cocoa producing countries have failed in the past five years, considerable pressure remains to try again. In this study, estimates are formed of the probable changes in some of the relevant variables if an international monopolistic cocoa pricing agreement were implemented. On the basis of new estimates of cocoa supply and demand relations, effects of the hypothetical institution of discriminatory monopolistic pricing in 1964 are examined. Such an agreement would have resulted in marginal, although possibly important, additions to the leading cocoa producing countries' command over external resources; but stock accumulation or surplus disposal problems might have been troublesome, and long-run supplies would have increased substantially unless producers were effectively isolated from the world market.

Suggested Citation

  • Jere R. Behrman, 1968. "Monopolistic Cocoa Pricing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 702-719.
    • Handle: RePEc:oup:ajagec:v:50:y:1968:i:3:p:702-719.
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    File URL: http://hdl.handle.net/10.2307/1238269
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    Cited by:

    1. Mamingi, Nlandu, 1997. "The impact of prices and macroeconomic policies on agricultural supply: a synthesis of available results," Agricultural Economics, Blackwell, vol. 16(1), pages 17-34, March.
    2. Elnagheeb, Abdelmoneim H. & Florkowski, Wojciech J., 1993. "Modeling Perennial Crop Supply: An Illustration From The Pecan Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(1), pages 1-10, July.
    3. Habtamu Ali Beshir & Jean-François Maystadt, 2022. "Price shocks and human capital: Timing matters," LIDAM Discussion Papers IRES 2022020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. Bazen, Ernest F. & Roberts, Roland K. & Travis, John & Larson, James A., 2008. "Factors Affecting Hay Supply and Demand in Tennessee," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6889, Southern Agricultural Economics Association.
    5. Arvind Panagariya & Maurice Schiff, 1991. "Política Comercial, Exportaciones de Productos Básicos y Bienestar: Teoría y Aplicación al Cacao," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 28(84), pages 249-270.

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