The Livestock Mandatory Reporting Act: Has Information Pooling Led to Anticompetitive Behaviour in the US Beef Industry?

Andrew Bugg
Additional contact information
Andrew Bugg: School of Economics and Centre for Competition Policy, University of East Anglia

No 2005-06, Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) from Centre for Competition Policy, University of East Anglia, Norwich, UK.

Abstract: Cointegration analysis has been used to assist the testing for price delineation in antitrust and merger cases as a way of deepening econometric evidence. This paper examines the impact of the Livestock Mandatory Reporting Act (1999) instigated in 2001. By addressing the industry as a cointegrated system containing retail, wholesale and farm prices, short run and long run relationships were examined. Cointegration analysis between farm, wholesale and retail sectors suggests that the wholesale sector plays an important role within system. The econometric estimations find that long run wholesale pricing is weakly exogenous whilst farm and retail prices follow the same trend. This finding suggests that it may be as a result of market inefficiency and calls for further analysis of the role that the wholesale sector plays within the industry.

Keywords: Information pooling; Mandatory price reporting; Livestock markets; Cointegration; Empirical industrial organisation. (search for similar items in EconPapers)
JEL-codes: D8 L11 L66 Q13 (search for similar items in EconPapers)
Date: 2005-05-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ueaeco.github.io/working-papers/papers/ccp/CCP-05-06.pdf main text (application/pdf)

Related works:
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:uea:ueaccp:2005_06

Ordering information: This working paper can be ordered from
Juliette Hardman, Center for Competition Policy, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ, UK

Access Statistics for this paper

More papers in Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) from Centre for Competition Policy, University of East Anglia, Norwich, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Juliette Hardmad ().