Wheat Cartelization and Domestic Markets

Robert G. Chambers and Michael W. Woolverton

American Journal of Agricultural Economics, 1980, vol. 62, issue 4, 629-638

Abstract: The effects of cartelization in the international wheat market are analyzed. Particular attention is given to the relationship between the level of cartel profits and the price farmers receive for their wheat. Sufficient conditions are established for a rise in cartel profits to be associated with a rise in the farmgate price of wheat. The potential stability of a cartel formed by the major trading companies also is investigated and a means of preventing cheating is introduced and discussed.

Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:62:y:1980:i:4:p:629-638.

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