A Panel Bargaining Model Within the Regional Boundaries of the South African Grain Industry

E M Ueckermann, James Blignaut () and Rangan Gupta ()

The IUP Journal of Journal of Industrial Economics, 2009, vol. VI, issue 1, pages 40-55

Abstract: This study defines the bargaining process undertaken between a large number of heterogeneous farmers and a few intermediaries within the deregulated South African grain industry. Based on this process, an outcome has been obtained by applying a seemingly unrelated cross-sectional regression model utilizing regional panel data relating to the years from 2000 to 2005. The results indicate that the bargaining game yields more efficient results in all the regions for all the market players and to an even greater extent when interregional bargaining takes place. The authors suggest that this type of bargaining instrument can serve as a planning tool for the grain producers in order to strengthen their bargaining position in the new free-market environment.

Date: 2009

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Working Paper: A Panel Bargaining Model within the Regional Boundaries of the South African Grain Industry (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjie:v:06:y:2009:i:1:p:40-55

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