Testing for Market Power in the Australian Grains and Oilseeds Industries
Garry R. Griffith and
Christopher O'Donnell
No 125093, 2002 Conference (46th), February 13-15, 2002, Canberra, Australia from Australian Agricultural and Resource Economics Society
Abstract:
Recent empirical studies have found significant evidence of departures from competition in the input side of the bread, breakfast cereal and margarine endproduct markets. In this study we specify a general duality model of profit maximisation that allows for imperfect competition in the input and output markets of the grains and oilseeds industries. The model allows for a variable proportions technology and does not impose restrictions on the relationship between conjectural elasticities in each market. Aggregate Australian data is used to implement the model and draw inferences concerning the presence of market power.
Keywords: Agribusiness; Marketing (search for similar items in EconPapers)
Pages: 19
Date: 2002-02
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://ageconsearch.umn.edu/record/125093/files/Griffith.pdf (application/pdf)
Related works:
Journal Article: Testing for market power in the Australian grains and oilseeds industries (2007) ![Downloads](/downloads_econpapers.gif)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ags:aare02:125093
DOI: 10.22004/ag.econ.125093
Access Statistics for this paper
More papers in 2002 Conference (46th), February 13-15, 2002, Canberra, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).