Effects of Market-Share and Antimerger Policies on the Fluid Milk-Processing Industry

Richard L. Kilmer and David E. Hahn

American Journal of Agricultural Economics, 1978, vol. 60, issue 3, 385-392

Abstract: The effects of merger restriction policies and market-share restriction policies on the structure of the Ohio fluid milk-processing industry are compared and contrasted within an intertemporal production distribution model. Individual firm size constraints are predicated on the transition probabilities of a Markov Chain. Merger restrictions are found to be less disruptive of industry structure. However, market share is a more effective tool for controlling concentration. The appropriate combination of merger-market share policies must be based on an analysis of market performance on a market-by-market basis.

Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:60:y:1978:i:3:p:385-392.

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