Measuring the Degree of Market Power Exerted by Government Trade Agencies

H. Love and Endah Murniningtyas

No 233055, Occasional Papers from Regional Research Project NC-194: Organization and Performance of World Food Systems

Abstract: This paper sets up hypotheses tests for the exertion of market power by government trade agencies. The principle of profit maximization is used to derive an equilibrium condition for noncompetitive markets and provide explicit parametric tests for the level of market power exerted. This study differs from previous works in that exertion of market power is revealed through econometric techniques as opposed to the prevailing practice of comparing simulation outcomes to actual data. The Japanese role in wheat trade is selected as an application of the method.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 40
Date: 1990-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/233055/files/nc194-op-16.pdf (application/pdf)

Related works:
Journal Article: Measuring the Degree of Market Power Exerted by Government Trade Agencies (1992)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:nc194o:233055

DOI: 10.22004/ag.econ.233055

Access Statistics for this paper

More papers in Occasional Papers from Regional Research Project NC-194: Organization and Performance of World Food Systems
Bibliographic data for series maintained by AgEcon Search ().