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A Model Of Imperfect Competition Using Marginal Input And Output Prices: Application To The Beef Packing Industry

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  • Muth, Mary K.
  • Wohlgenant, Michael K.

Abstract

Based on Diewert's idea that models under competition can be generalized to imperfect competition using marginal prices, we develop a test for imperfect competition in the beef packing industry. Our model is more general and flexible than those depending on empricial estimates of the input supply and output demand elasticities.

Suggested Citation

  • Muth, Mary K. & Wohlgenant, Michael K., 1998. "A Model Of Imperfect Competition Using Marginal Input And Output Prices: Application To The Beef Packing Industry," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20853, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea98:20853
    DOI: 10.22004/ag.econ.20853
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    References listed on IDEAS

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    3. Azzam, Azzeddine M. & Schroeter, John R., 1991. "Implications Of Increased Regional Concentration And Oligopsonistic Coordination In The Beef Packing Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(2), pages 1-8, December.
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    2. Lynn Hunnicutt & DeeVon Bailey & Michelle Crook, 2002. "Measuring Market Power with Variables Other than Price," Working Papers 2002-08, Utah State University, Department of Economics.

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    Keywords

    Agribusiness; Demand and Price Analysis;

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