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An Empirical Analysis of Recent Changes in US Beef Marketing Margins

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  • Armah, Stephen E.

Abstract

An Augmented Relative Price Spread (ARPS) model is employed to explain recent changes in real US beef wholesale-retail (WR) and hence farm-retail (FR) marketing margins. It is found that the surge in retail market concentration in 1999 most likely increased retail market oligopsony power relative to wholesale oligopoly power, ultimately changing real US WR beef marketing margins. The finding that higher oligopsony retail market power relative to oligopoly wholesale market power in the US beef industry was most likely responsible for the changes in US WR marketing margins in 1999 is important because it provides an economic justification for policy makers to regulate anticompetitive conduct by beef retailers.

Suggested Citation

  • Armah, Stephen E., 2007. "An Empirical Analysis of Recent Changes in US Beef Marketing Margins," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9354, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea07:9354
    DOI: 10.22004/ag.econ.9354
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    File URL: http://ageconsearch.umn.edu/record/9354/files/sp07ar01.pdf
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    Cited by:

    1. Dai, Jiawu & Li, Xun & Wang, Xiuqing & Yu, Qiushuo & Mao, Xiaojie, 2015. "Food Scares, Market Power and Farm-Retail Price Spread: The Case of Pork Market in China," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205121, Agricultural and Applied Economics Association.
    2. Oral Capps Jr. & Sergio Colinā€Castillo & Manuel A. Hernandez, 2013. "Do Marketing Margins Change with Food Scares? Examining the Effects of Food Recalls and Disease Outbreaks in the U.S. Red Meat Industry," Agribusiness, John Wiley & Sons, Ltd., vol. 29(4), pages 426-454, September.

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    Keywords

    Livestock Production/Industries; Marketing;

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