Market Power and its Effects on Equilibrium in the Food System

Garth J. Holloway and Thomas Hertel

No 270708, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: When food processors have conjectures about rival firms' response~ their profit functions can be used to estimate the degree of market power in the food system. The effects of this powe-r are investigated analytically and through applying the results to the U.S. pork sector.

Keywords: Agricultural and Food Policy; Marketing (search for similar items in EconPapers)
Pages: 14
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270708

DOI: 10.22004/ag.econ.270708

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