Economic analysis of the changing structure of the U.S. flour milling industry

C.S. Kim, C. Hallahan, Glenn Schaible () and Gerald Schluter ()
Additional contact information
C.S. Kim: Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831., Postal: Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.
C. Hallahan: Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831., Postal: Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.

Agribusiness, 2001, vol. 17, issue 1, 161-171

Abstract: This article presents a decomposed Poisson regression model based on count data that evaluates structural changes in size, number of plants in each size class, and the concentration level of market power in the U.S. flour milling industry, simultaneously. Empirical results indicate that the effects of a changing wage rate and corporate bond rate on both the size distribution and the number of flour mills are significant, but in opposite directions. Furthermore, a test for price leadership reveals that the U.S. flour milling industry has an oligopolistic market structure. [Econ-Lit citations: D430, L110, Q120] © 2001 John Wiley & Sons, Inc.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:17:y:2001:i:1:p:161-171

DOI: 10.1002/1520-6297(200124)17:1<161::AID-AGR1008>3.0.CO;2-0

Access Statistics for this article

Agribusiness is currently edited by Ronald W. Cotterill

More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().