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Identification Of Market Power In The Hungarian Dairy Industry: A Plant-Level Analysis

  • Perekhozhuk, Oleksandr
  • Hockmann, Heinrich
  • Bakucs, Lajos Zoltan
  • Ferto, Imre

The objective of this paper is to provide an alternative model which can be used to test for oligopsony market power applying plant-level data. For this purpose, we took into account empirical studies and specific developments in the Hungarian dairy industry and specified a model that provides useful benchmarks for an econometric test of market power. The results of the econometric analysis show that the effects from policy changes in Hungary, as well as from plant specific issues are highly statistically significant, and produce evidence suggesting the exercise of oligopsony market power in the Hungarian dairy industry.

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File URL: http://purl.umn.edu/114768
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Paper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 114768.

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Date of creation: 2011
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Handle: RePEc:ags:eaae11:114768
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  1. Sven Anders, 2008. "Imperfect Competition in German Food Retailing: Evidence from State Level Data," Atlantic Economic Journal, International Atlantic Economic Society, vol. 36(4), pages 441-454, December.
  2. Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leib­niz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 41, number 92322, October.
  3. Weliwita, Ananda & Azzam, Azzeddine M., 1996. "Identifying Implicit Collusion Under Declining Output Demand," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
  4. Koontz, Stephen R. & Garcia, Philip, 1997. "Meat-Packer Conduct In Fed Cattle Pricing: Multiple-Market Oligopsony Power," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), July.
  5. Lajos Zoltán Bakucs & Imre Fertő & Heinrich Hockmann & Oleksandr Perekhozhuk, 2010. "Estimating Oligopsony Power in the Hungarian Market for Slaughter Hogs," Eastern European Economics, M.E. Sharpe, Inc., vol. 48(1), pages 64-78, January.
  6. A. M. Azzam & E. Pagoulatos, 1990. "Testing Oligopolistic And Oligopsonistic Behaviour: An Application To The Us Meat-Packing Industry," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 362-370.
  7. Lopez, Rigoberto A. & Altobello, Marilyn A. & Shah, Farhed A., 1994. "Amenity Benefits And Public Policy: An Application To The Connecticut Dairy Sector," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
  8. Gabor Bekes & Peter Harasztosi & Balazs Murakozy, 2009. "Firms and Products in International Trade: Data and Patterns for Hungary," IEHAS Discussion Papers 0919, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
  9. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
  10. Muth, Mary K. & Wohlgenant, Michael K., 1999. "Measuring The Degree Of Oligopsony Power In The Beef Packing Industry In The Absence Of Marketing Input Quantity Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(02), December.
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