A Line in Space: Pricing, Location, and Market Power in Agricultural Product Markets

Marten Graubner (), Klaus Salhofer and Christoph Tribl
Additional contact information
Marten Graubner: Leibniz Institute of Agricultural Development in Transition Economies (IAMO), 06120 Halle (Saale), Germany
Christoph Tribl: Federal Institute of Agricultural Economics, Rural and Mountain Research (BAB), 1030 Vienna, Austria

Annual Review of Resource Economics, 2021, vol. 13, issue 1, 85-107

Abstract: Agricultural economists have a long history of emphasizing and analyzing the spatial dimension of agricultural and food markets. Despite a rich body of literature and important contributions to agricultural and spatial economics, one aspect is frequently disregarded: the oligopsonistic nature of agricultural markets due to spatial competition of neighboring buyers of farm products. This review presents the theoretical foundations of spatial pricing, competition, and location in terms of buyer power and discusses concepts that are relevant for agricultural markets. By providing a comprehensive overview of prior work, we highlight the multifaceted areas of applications to agricultural markets. Additionally, we discuss future research avenues for and challenges of the analysis of spatial competition in agricultural economics.

Keywords: agricultural markets; spatial competition; buyer market power; spatial price discrimination; spatial differentiation (search for similar items in EconPapers)
JEL-codes: L13 Q13 R32 (search for similar items in EconPapers)
Date: 2021
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Journal Article: A line in space: Pricing, location, and market power in agricultural product markets (2021)
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DOI: 10.1146/annurev-resource-110220-010922

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