Identification of Market Power in the Hungarian Dairy Industry: A Plant-Level Analysis

Oleksandr Perekhozhuk, Heinrich Hockmann (), Imre Fertő and Zoltán Bakucs ()

Journal of Agricultural & Food Industrial Organization, 2013, vol. 11, issue 1, 1-13

Abstract: The objective of this paper is to provide an alternative model which can be used to test for oligopsony market power applying plant-level data. For this purpose, we took into account empirical studies and specific developments in the Hungarian dairy industry and specified a model that provides useful benchmarks for an econometric test of market power. The results of the econometric analysis show that the effects from policy changes in Hungary, as well as from plant specific issues are highly statistically significant, and produce evidence suggesting the exercise of oligopsony market power in the Hungarian dairy industry.

Keywords: Hungarian dairy industry; market power; oligopsony; translog (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: IDENTIFICATION OF MARKET POWER IN THE HUNGARIAN DAIRY INDUSTRY: A PLANT-LEVEL ANALYSIS (2011)
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DOI: 10.1515/jafio-2012-0005

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