Pricing Games in Poultry Markets: The Cases of Eggs in Australia and Chicken in Canada

Benjamin Shank, Ellen Goddard, John Freebairn and Garry R. Griffith

No 59707, 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia from Australian Agricultural and Resource Economics Society

Abstract: Given the increasing concentration in numerous markets recent interest in market structure and performance has grown dramatically. The empirical research revolves around theories of industrial organization and non-cooperative game theory. Research in this area uses participant strategic action not only to define market structure but also participant conduct. In the Australian egg market and Canadian fresh chicken market we reject the more competitive assumption of Bertrand-Nash behavior in favor of Stackelberg/leader-follower relationships. In Australia Pace Farms emerges as the industry leader while in Canada generic product overwhelmingly controls the market.

Keywords: Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 34
Date: 2004-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare04:59707

DOI: 10.22004/ag.econ.59707

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