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Conduct of Firms in Dynamic U.S. Food Industries

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  • Reed, A. J.

Abstract

This study describes a proCedure that is used to identify firm conduct, or the nature of competition in three food markets. The procedure assumes food-producing firms incur short-run capital adjustment costs, and pursue unchanging conduct. The estimates, however, are consistent with firms altering their conduct as market conditions change.

Suggested Citation

  • Reed, A. J., 1995. "Conduct of Firms in Dynamic U.S. Food Industries," Staff Reports 278799, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278799
    DOI: 10.22004/ag.econ.278799
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    References listed on IDEAS

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    1. Townsend, Robert M, 1983. "Forecasting the Forecasts of Others," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 546-588, August.
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