Russian market power in international wheat exports: Evidence from a residual demand elasticity analysis

Kerstin Marit Uhl, Oleksandr Perekhozhuk and Thomas Glauben

EconStor Open Access Articles and Book Chapters, 2019, vol. 17, issue 2, 1-13

Abstract: Russia has emerged as a major wheat exporter since the beginning of the 2000s, and today, it possesses high market shares in several wheat-importing countries in the Middle East and North African region. This has raised concerns that Russia might abuse its dominant market position by pricing above marginal cost. Using a novel dataset with weekly information on Russian wheat exports, we apply the residual demand elasticity method to analyze the pricing behavior of Russia in its two most important export markets, i. e. Egypt and Turkey. Our estimation results reveal that Russia behaves competitively in Egypt while it exerts market power in Turkey with an estimated mark-up of 13.5 %.

Keywords: Russian wheat exports; market power; residual demand elasticity approach (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/207165/1/U ... al_Wheat_Exports.pdf (application/pdf)

Related works:
Journal Article: Russian Market Power in International Wheat Exports: Evidence from a Residual Demand Elasticity Analysis (2019)
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:zbw:espost:207165

DOI: 10.1515/jafio-2016-0026

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().