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Competition And Price Relationships For An Electronic Market

Author

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  • Sporleder, Thomas L.
  • Colling, Phil L.

Abstract

A typical structural characterization of producer-first handler commodity markets is competitive sellers facing oligopsonistic buyers. New evidence is presented which suggests that each additional bidder in an electronic market results in nearly 3 percent added to price, net of the effects of quality and location variables. This evidence reinforces the importance of buyer competition to producers.

Suggested Citation

  • Sporleder, Thomas L. & Colling, Phil L., 1986. "Competition And Price Relationships For An Electronic Market," 1986 Annual Meeting, July 27-30, Reno, Nevada 278102, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278102
    DOI: 10.22004/ag.econ.278102
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    File URL: https://ageconsearch.umn.edu/record/278102/files/aaea-1986-063.pdf
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    References listed on IDEAS

    as
    1. William G. Tomek, 1980. "Price Behavior on a Declining Terminal Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 434-444.
    2. Jeffrey M. Perloff & Gordon C. Rausser, 1983. "The Effect of Asymmetrically Held Information and Market Power in Agricultural Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 366-372.
    3. Ward, Clement E., 1984. "An Empirical Study Of Competition In The Price Discovery Process For Slaughter Lambs," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-10, July.
    4. Henderson, Dennis R. & Schrader, Lee F. & Sporleder, Thomas L. & Baldwin, E. Dean, 1979. "The Economic Feasibility and Impacts of Electronic Markets: A Tentative Appraisal," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278375, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Ward, Clement E., 1982. "Relationship Between Fed Cattle Market Shares And Prices Paid By Beefpackers In Localized Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-8, July.
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    Cited by:

    1. Schroeder, Ted C. & Ward, Clement E. & Mintert, James & Peel, Derrell S., 1998. "Beef Industry Price Discovery: A Look Ahead," Staff Papers 232524, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.

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