THE FARM-WHOLESALE PRICE SPREAD IN AN IMPERFECTLY COMPETITIVE MARKET: A DYNAMIC APPROACH

Jose E. Herrera

No 20859, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The time series properties of the farm-wholesale price spread are used to generate conjectural elasticities, measuring marketing firms' market power in a commodity market. Results show that dynamic models improve upon traditional static models by capturing intertemporal supply and prices effects. Efficiency gains of the estimates are also observed.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 15
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20859

DOI: 10.22004/ag.econ.20859

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