THE EFFECTS OF INDUSTRY STRUCTURE ON PRICE: A CASE IN THE BEEF INDUSTRY

Dale J. Menkhaus, James S. St. Clair and A. Zahedi Ahmaddaud

Western Journal of Agricultural Economics, 1981, vol. 06, issue 2, 8

Abstract: This study estimates the influence of concentration and other structural variables on the price of slaughter cattle. Cross-sectional data were used to estimate a single equation model which included, in addition to traditional factor demand variables, packer concentration and a measure of market power exerted by feedlots. Results suggest that packer concentration has had a significant and increasing negative impact on fed cattle prices during the years of analysis, 1972 and 1977.

Keywords: Industrial Organization; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32570

DOI: 10.22004/ag.econ.32570

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