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Cointegration, Error Correction, And The Measurement Of Oligopsony Conduct In The U.S. Cattle Market

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  • Panagiotou, Dimitrios

Abstract

US cattle producers often claim that cattle prices are below competitive levels. In this paper, short-run and long-run oligopsony conduct is estimated by utilizing an oligopsony dynamic model. Results of time-series analysis indicate that the hypothesis of competitive conduct in the short-run and in the long-run cannot be rejected.

Suggested Citation

  • Panagiotou, Dimitrios, 2005. "Cointegration, Error Correction, And The Measurement Of Oligopsony Conduct In The U.S. Cattle Market," 2005 Annual meeting, July 24-27, Providence, RI 19201, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19201
    DOI: 10.22004/ag.econ.19201
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    References listed on IDEAS

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    1. Dimitrios Panagiotou & Athanassios Stavrakoudis, 2017. "A Stochastic Production Frontier Estimator of the Degree of Oligopsony Power in the U.S. Cattle Industry," Journal of Industry, Competition and Trade, Springer, vol. 17(1), pages 121-133, March.
    2. Panagiotou, Dimitrios, 2005. "Is Pricing Above Marginal Cost An Indication Of Market Power In The U.S. Meatpacking Industry?," 2005 Annual meeting, July 24-27, Providence, RI 19218, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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