The Changing Structure Of Global Food Markets: Dimensions, Effects, And Policy Implications
The paper discusses trends in ownership concentration in three principal stages of the food system: food retailing, food manufacturing, and selected inputs purchased by agricultural producers and by food processors. In each of these levels, the available information from North America, Western Europe, or global sources shows that sales concentration is increasing. An attempt is then made to assess the impact on performance of these concentration trends for final consumers and to a lesser extent for agricultural producers. Performance measures most of interest are the traditional ones derived from economic welfare analysis of imperfect competition. Market performance is analyzed one level at a time but the more difficult arena of vertical subsector performance is also examined. The current role played by public policies in ameliorating consumer and producer welfare as it is affected by the exercise of market power is also assessed. In general, competition laws that apply to horizontal conduct are more settled and more easily enforced than are public policies directed at vertical strategic conduct.
|Date of creation:||2003|
|Date of revision:|
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- Ronald W. Cotterill, 1999.
"Continuing Concentration in Food Industries Globally: Strategic Challenges to an Unstable Status Quo,"
Food Marketing Policy Center Research Reports
049, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
- Cotterill, Ronald W., 1999. "Continuing Concentration in Food Industries Globally: Strategic Challenges to an Unstable Status Quo," Research Reports 25190, University of Connecticut, Food Marketing Policy Center.
- Ronald W. Cotterill, 2000. "A Critique of the Current Food System," Issue Papers 20, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
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- John M Connor & Everett B. Peterson, 1996. "A Comparison of Oligopoly Welfare Loss Estimates for U.S. Food Manufacturing: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(3), pages 710-711.
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