Market power, markup volatility and the role of cooperatives in the food value chain: evidence from Italy

Hyejin Lee and Patrick Van Cayseele

European Review of Agricultural Economics, 2024, vol. 51, issue 3, 844-894

Abstract: Agricultural cooperatives are often promoted as a way to give farmers countervailing market power and greater income stability. This paper investigates to what extent cooperatives in food supply chains achieve these objectives. We estimate firm-level markups and markup volatility in the Italian fruits and vegetable (F&V) and dairy sectors at both the farming and processing stages for the period 2007–2014. We find mixed results: compared to non-cooperatives, F&V processor cooperatives have higher markups, while F&V farmer cooperatives and dairy processor cooperatives have lower markups. We do not find strong evidence of their role on markup volatility.

Keywords: cooperatives; market power; firm-level markups; volatility (search for similar items in EconPapers)
Date: 2024
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