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How Competitive Is The World Wheat Market?

Author

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  • Carter, Colin A.
  • MacLaren, Donald
  • Yilmaz, Alper

Abstract

Japan is one of the largest importers of wheat in the world, with imports originating from three countries, Australia, Canada, and the United States. Australia, Canada, and Japan all use a government single-desk agency to control wheat trade. Many previous studies on competition in the world grain trade have argued the market is imperfectly competitive, and they often point to the Japanese market. We study the Japanese wheat import market for this reason, but find no compelling evidence of imperfect competition.

Suggested Citation

  • Carter, Colin A. & MacLaren, Donald & Yilmaz, Alper, 1999. "How Competitive Is The World Wheat Market?," Working Papers 11973, University of California, Davis, Department of Agricultural and Resource Economics.
  • Handle: RePEc:ags:ucdavw:11973
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    File URL: http://purl.umn.edu/11973
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    References listed on IDEAS

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    1. Goldberg, Pinelopi Koujianou & Knetter, Michael M., 1999. "Measuring the intensity of competition in export markets," Journal of International Economics, Elsevier, vol. 47(1), pages 27-60, February.
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    5. Carter, Colin A & MacLaren, Donald, 1997. "Price or Quantity Competition? Oligopolistic Structures in International Commodity Markets," Review of International Economics, Wiley Blackwell, vol. 5(3), pages 373-385, August.
    6. Sampson, Gary P & Snape, Richard H, 1980. "Effects of the EEC's Variable Import Levies," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 1026-1040, October.
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    8. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
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    Citations

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    Cited by:

    1. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2015. "An econometric analysis of market power in Azerbaijani wheat market: Evidence from Kazakhstan and Russia," 2015 Conference, August 9-14, 2015, Milan, Italy 211642, International Association of Agricultural Economists.
    2. Stiegert, Kyle W. & Wang, Shinn-Shyr, 2003. "Imperfect Competition And Strategic Trade Theory: What Have We Learned," Working Papers 14589, International Agricultural Trade Research Consortium.
    3. Cho, Guedae & Jin, Hyun Joung & Koo, Won W., 2002. "Measuring The Market Power Of The U.S. Wheat Exporters In Asian Countries: An Issue About Adjustment Of Nominal Exchange Rate When Using As A Cost Shifter; The Competitiveness Of The U.S. Wheat Export," 2002 Annual meeting, July 28-31, Long Beach, CA 19885, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Song, Baohui & Marchant, Mary A. & Xu, Shuang, 2006. "Who Dominates Market Power for U.S.-China Soybean Trade?," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35407, Southern Agricultural Economics Association.
    5. Jin, Hyun Joung, 2008. "A Long Memory Conditional Variance Model for International Grain Markets," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 31(2), May.
    6. Jinghua Xie & Dengjun Zhang, 2014. "Imperfect Competition and Structural Changes in the US Salmon Import Market," Marine Resource Economics, University of Chicago Press, vol. 29(4), pages 375-389.
    7. Páll, Zsombor, 2015. "Three essays on the Russian wheat export," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 80, number 80.
    8. Celal Tasdogan & Efthimia Tsakiridou & Konstantinos Mattas, 2005. "Country Market Power in EU Olive Oil Trade," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 3(2), pages 211-219.
    9. Richard Carew & Wojciech J. Florkowski, 2003. "Pricing to Market Behavior by Canadian and U.S. Agri-food Exporters: Evidence from Wheat, Pulse and Apples," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 51(2), pages 139-159, July.
    10. 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.
    11. Evans, Edwardv A. & Ballen, Fredy H., 2015. "Competitive Behavior in the U.S. Green Skin Avocado Market," Journal of Food Distribution Research, Food Distribution Research Society, vol. 46(3), November.
    12. Zhang, Qiang & Reed, Michael R. & Saghaian, Sayed H., 2007. "Export Market Pricing Decisions and Market Power in World Grain Markets: A Duopoly Model for Soybeans," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34949, Southern Agricultural Economics Association.
    13. Pan, Suwen & Hudson, Darren & Ethridge, Don E., 2009. "The Influence Of Market Structure On The Impacts Of Domestic Subsidies On International Cotton Marekts," 2009 Conference, August 16-22, 2009, Beijing, China 51196, International Association of Agricultural Economists.

    More about this item

    Keywords

    wheat trade; competition; Crop Production/Industries; International Relations/Trade; F14; L10; Q17;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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