MARKET POWER IN BEEF PACKING: FEEDLOT "CAPTURE" AND ITS CAUSES

Lynn Hunnicutt, Michelle Crook and DeeVon Bailey

No 20743, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Concentration in the beef packing industry has been rising for the past 25 years. Many studies of market power in beef packing are based on the conjectural variations framework, which depends on accurate estimates of packer input and processing costs. We propose an alternative measure of packer behavior which does not rely on estimates of packer costs. We also suggest how this measure could be used to draw tentative conclusions regarding packer behavior.

Keywords: Agribusiness; Marketing (search for similar items in EconPapers)
Pages: 17
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20743

DOI: 10.22004/ag.econ.20743

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