Assessing Oligopoly and Oligopsony Power in the U.S. Catfish Industry

David Bouras and Carole R. Engle

Journal of Agribusiness, 2007, vol. 25, issue 01, 11

Abstract: This paper addresses the issue of competition in the U.S. catfish industry. To this end, a conjectural variation oligopolistic model was developed. The model was estimated econometrically using the Generalized Method of Moments (GMM) procedure. Chi-square analysis implied that catfish processors do not exert market power over farmers or over consumers. The conjectural elasticity was estimated to be 0.073, the oligopoly power index 0.28, and the oligopsony power index 0.68, and none of these values were statistically significant. The results support competitive behavior of the catfish processing sector.

Keywords: Agribusiness; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:62284

DOI: 10.22004/ag.econ.62284

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