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Market power in the international fertiliser market: empirical evidence for exports from Russia

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  • Goretzki, Philipp
  • Perekhozhuk, Oleksandr
  • Glauben, Thomas
  • Loy, Jens-Peter

Abstract

This study presents empirical evidence for the behaviour of Russian exporters in the international fertiliser market. Russia is in the spotlight since the potash cartel has collapsed. In 2012, Russia became the world’s second-largest exporter increasing its potash exports from 1996 to 2012 more than two times. PTM approach developed by Krugman (1986, 1987) is chosen to test the market behaviour. Imperfect competition in the Russian export market for nitrogen fertilisers is revealed in two-thirds of the destination countries under study. In the export market for potash, a sufficiently perfect market is found in only one out of 9 countries.

Suggested Citation

  • Goretzki, Philipp & Perekhozhuk, Oleksandr & Glauben, Thomas & Loy, Jens-Peter, 2017. "Market power in the international fertiliser market: empirical evidence for exports from Russia," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261173, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae17:261173
    DOI: 10.22004/ag.econ.261173
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    References listed on IDEAS

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    1. Knetter, Michael M, 1989. "Price Discrimination by U.S. and German Exporters," American Economic Review, American Economic Association, vol. 79(1), pages 198-210, March.
    2. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2015. "Price discrimination and pricing-to-market behavior of Black Sea region wheat exporters," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 47(3), pages 287-316.
    3. Paul Krugman, 1986. "Pricing to Market when the Exchange Rate Changes," NBER Working Papers 1926, National Bureau of Economic Research, Inc.
    4. Nathalie Lavoie & Qihong Liu, 2007. "Pricing-to-Market: Price Discrimination or Product Differentiation?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(3), pages 571-581.
    5. Kerstin Uhl & Oleksandr Perekhozhuk & Thomas Glauben, 2016. "Price Discrimination in Russian Wheat Exports: Evidence from Firm-level Data," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 722-740, September.
    6. Zsombor Pall & Oleksandr Perekhozhuk & Thomas Glauben & Sören Prehn & Ramona Teuber, 2014. "Residual demand measures of market power of Russian wheat exporters," Agricultural Economics, International Association of Agricultural Economists, vol. 45(3), pages 381-391, May.
    7. Martin Falk & Rahel Falk, 2000. "Pricing to Market of German Exporters: Evidence from Panel Data," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(1), pages 21-46, March.
    8. Zsombor Pall & Oleksandr Perekhozhuk & Ramona Teuber & Thomas Glauben, 2013. "Are Russian Wheat Exporters Able to Price Discriminate? Empirical Evidence from the Last Decade," Journal of Agricultural Economics, Wiley Blackwell, vol. 64(1), pages 177-196, February.
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    1. Goretzki, Philipp & Perekhozhuk, Oleksandr & Glauben, Thomas & Loy, Jens-Peter, 2019. "Price discrimination and market power in the international fertiliser market: Empirical evidence for exports from Russia," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(2), pages 5-24.

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