WHEAT CARTELIZATION IN THE PRESENCE OF A MARKET INTERMEDIARY

Colin Carter and Nancy Gallini ()

No 278388, 1979 Annual Meeting, July 29-August 1, Pullman, Washington from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper examines a von Stackelberg behavior of an intermediary firm in the wheat market. It demonstrates that the intermediary acting as a leader in the market will oppose the formation of a wheat cartel. Although the marketing charge does not change with the introduction of the cartel, volume traded decreases thus decreasing total revenue to the intermediary firm.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 12
Date: 1979-07
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea79:278388

DOI: 10.22004/ag.econ.278388

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