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Estimating China’s Buyer Market Power in the International Pork Market: Empirical Evidence from the Residual Supply Elasticity Approach

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  • Perekhozhuk, Oleksandr

Abstract

This study estimates China’s buyer market power in the international pork market using monthly data from 2010 to 2024. Single- and multi-equation residual supply elasticity (RSE) models are estimated via two-stage (2SLS) and three-stage least squares (3SLS) for six major exporters: Brazil, Canada, Denmark, Germany, Spain, and the United States. Results indicate substantial oligopsony power in China’s import market, with estimated price markdowns ranging from 7% to 29%, showing significant variation across exporters. Brazil exhibits the highest markdowns, reflecting its growing dependence on the Chinese market, whereas Germany exhibits the lowest. These findings underscore China’s dominant role in international pork trade and have important implications for trade and competition policy. The study contributes to the literature by applying RSE models to estimate oligopsony power in international pork markets, where empirical evidence on buyer power remains limited.

Suggested Citation

  • Perekhozhuk, Oleksandr, 2026. "Estimating China’s Buyer Market Power in the International Pork Market: Empirical Evidence from the Residual Supply Elasticity Approach," 100th Annual Conference, March 23-25, 2026, Wadham College, University of Oxford, Oxford, UK 397886, Agricultural Economics Society (AES).
    • Handle: RePEc:ags:aes026:397886
    DOI: 10.22004/ag.econ.397886
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