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COINTEGRATION, ERROR CORRECTION, AND THE MEASUREMENT OF OLIGOPSONY CONDUCT IN THE U.S. CATTLE MARKET

Dimitrios Panagiotou ()

No 19201, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: US cattle producers often claim that cattle prices are below competitive levels. In this paper, short-run and long-run oligopsony conduct is estimated by utilizing an oligopsony dynamic model. Results of time-series analysis indicate that the hypothesis of competitive conduct in the short-run and in the long-run cannot be rejected.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2005
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