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The Creation of Dominant Firm Market Power in the Coconut Oil Export Market

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  • David E. Buschena
  • Jeffrey M. Perloff

Abstract

Econometric results show that prior to the 1970s the Philippine coconut oil export market was competitive but that legal and institutional changes in the early 1970s, which centralized control of the Philippine coconut oil-refining and exporting industries, allowed the Philippines to exercise some of its potential dominant firm market power.

Suggested Citation

  • David E. Buschena & Jeffrey M. Perloff, 1991. "The Creation of Dominant Firm Market Power in the Coconut Oil Export Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1000-1008.
  • Handle: RePEc:oup:ajagec:v:73:y:1991:i:4:p:1000-1008.
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    References listed on IDEAS

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    1. Richard E. Just & Wen S. Chern, 1980. "Tomatoes, Technology, and Oligopsony," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 584-602, Autumn.
    2. Karp, Larry S & Perloff, Jeffrey M, 1989. "Estimating Market Structure and Tax Incidence: The Japanese Television Market," Journal of Industrial Economics, Wiley Blackwell, vol. 37(3), pages 225-239, March.
    3. Lau, Lawrence J., 1982. "On identifying the degree of competitiveness from industry price and output data," Economics Letters, Elsevier, vol. 10(1-2), pages 93-99.
    4. Karp, Larry S & Perloff, Jeffrey M, 1989. "Dynamic Oligopoly in the Rice Export Market," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 462-470, August.
    5. Bresnahan, Timothy F., 1982. "The oligopoly solution concept is identified," Economics Letters, Elsevier, vol. 10(1-2), pages 87-92.
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    Cited by:

    1. Deodhar, Satish Y. & Fletcher, Stanley M., 1998. "Degree Of Competition In The U.S. Peanut Butter Industry: A Dynamic Error Correction Approach," Faculty Series 16725, University of Georgia, Department of Agricultural and Applied Economics.
    2. Hirschberg, Joseph G. & Maasoumi, Esfandiar & Slottje, Daniel & Arize, Augustine C., 2003. "Antitrust issues in international comparisons of market structure," Journal of Econometrics, Elsevier, vol. 113(1), pages 129-158, March.
    3. Nguyen-Ones, Mai & Steen, Frode, 2018. "Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon?," Discussion Paper Series in Economics 6/2018, Norwegian School of Economics, Department of Economics.
    4. Kulaksizoglu, Tamer, 2004. "Measuring the Effectiveness of Competition Policy: Evidence from the Turkish Cement Industry," MPRA Paper 357, University Library of Munich, Germany.
    5. repec:bla:jindec:v:64:y:2016:i:4:p:808-834 is not listed on IDEAS
    6. Lass, Daniel A. & Lavoie, Nathalie & Fetter, T. Robert, 2004. "Market Power In Direct Marketing Of Fresh Produce: Community Supported Agriculture Farms," 2004 Annual meeting, August 1-4, Denver, CO 20092, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Dimitrios Panagiotou & Azzeddine M. Azzam, 2010. "Trade Bans, Imperfect Competition, and Welfare: BSE and the U.S. Beef Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(1), pages 109-129, March.
    8. Carmen Florido & Ana Aldanondo & Marta Jacob, 2002. "Firm Behaviour and Interaction in the European Banana Market: 1960-1993," Journal of Agricultural Economics, Wiley Blackwell, vol. 53(2), pages 319-344.
    9. Rodgers, Yana van der Meulen, 1998. "Empirical investigation of one OPEC country's successful non-oil export performance," Journal of Development Economics, Elsevier, vol. 55(2), pages 399-420, April.
    10. repec:wfo:wstudy:25398 is not listed on IDEAS
    11. Byeong-Il Ahn & Hyunok Lee, 2010. "An equilibrium displacement approach to oligopoly market analysis: an application to trade in the Korean infant formula market," Agricultural Economics, International Association of Agricultural Economists, vol. 41(2), pages 101-109, March.

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