Oligopolistic Structure in the Japanese Pistachio Import Market

Mahdi Asgari and Sayed Saghaian

No 142393, 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association

Abstract: Iran is the major producer of pistachio nuts in the world. Iran dominated the international pistachio export markets until 1982, when a new competitor, the United States, emerged in the international markets. Currently, both Iran and the U.S. are major pistachio exporters to Japan. The empirical question being investigated in this study is whether the Japanese pistachio import market is best characterized by Cournot or Bertrand duopoly competition or some other form of game. In this research, using historical data on pistachio prices and quantity imported by Japan from Iran and the U.S., demand functions for these two main exporters are estimated. Considering two different strategic variables, quantity and price, full information maximum likelihood (FIML) resulted in different estimates. Normalized likelihood ratio statistics is used for the model comparison. Having proper game-specific nonlinear-equation restrictions enabled us to form six alternative models. The model that best fit the data was the Stackelberg model with US quantity leadership.

Keywords: Agribusiness; Industrial Organization; International Relations/Trade (search for similar items in EconPapers)
Pages: 2
Date: 2013
New Economics Papers: this item is included in nep-ind
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/142393/files/S ... %20letter-Poster.pdf (application/pdf)

Related works:
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:saea13:142393

DOI: 10.22004/ag.econ.142393

Access Statistics for this paper

More papers in 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().