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Trade Liberalization and International Mergers: The Case of Barley Malting in North America

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  • David E. Buschena
  • Richard S. Gray

Abstract

As free trade policy merges formerly distinct markets characterized by stable Cournot oligopolies and having similar cost structures, additional incentives are created for mergers within the newly combined industry that affect the gains from free trade. We use a Cournot-Nash oligopoly model to examine the incentives for malting company mergers following Canadian-U.S. free trade agreement. Mergers reduce free trade gains to malt consumers and malt barley producers while producer surplus in the malting industry increases. Overall, mergers increase the total gains from free trade beyond those without mergers.

Suggested Citation

  • David E. Buschena & Richard S. Gray, 1999. "Trade Liberalization and International Mergers: The Case of Barley Malting in North America," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(1), pages 20-34.
    • Handle: RePEc:oup:revage:v:21:y:1999:i:1:p:20-34.
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    File URL: http://hdl.handle.net/10.2307/1349969
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    Cited by:

    1. Fulton, Murray E. & Gibbings, Julie, 2000. "Response And Adaption: Canadian Agricultural Co-Operatives In The 21st Century," Miscellaneous Publications 31768, University of Saskatchewan, Centre for the Study of Co-operatives.
    2. Johnson, D. Demcey, 2002. "Issues And Trends In The U.S. Field Crop Sector," Proceedings of the 7th Agricultural and Food Policy Systems Information Workshop, 2001: Structural Change as a Source of Trade Disputes Under NAFTA 16876, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    3. Rude, James & Fulton, Murray E., 2002. "Concentration And Market Power In Canadian Agribusiness," Proceedings of the 7th Agricultural and Food Policy Systems Information Workshop, 2001: Structural Change as a Source of Trade Disputes Under NAFTA 16873, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    4. Brewin, Derek G. & Gray, Richard & Karagiannis, Giannis, 2012. "Revisiting the Impact of Trade Liberalization and Mergers on the Malting Industry of North America," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(04), pages 1-10, November.
    5. Johnson, D. Demcey & DeVuyst, Eric A. & Nganje, William E., 2000. "Supply-Side Risks And Malting Barley Procurement And Storage," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36367, Western Agricultural Economics Association.
    6. Brewin, Derek G. & Gray, Richard & Karagiannis, Giannis, 2012. "Revisiting the Impact of Trade Liberalization and Mergers on the Malting Industry of North America," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 61(4).

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