State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets
Fengxia Dong (),
Thomas Marsh and
Kyle Stiegert ()
Staff General Research Papers Archive from Iowa State University, Department of Economics
This study tested if the exclusive procuring and pricing policies of two state trading enterprises (STE) in international malting barley markets could be used in a strategic trade context. The research provided four key findings. First, the global malting barley market operated in a quantity-setting oligopolistic structure during the study years. Second, both STEs and other exporting countries were in Cournot competition and thus made available strategic trade possibilities. Third, initial commodity payments were too high to generate a rent-shifting outcome. Fourth, product differentiation was confirmed, which may have dampened the desire/ability of STEs to pursue a rent-shifting objective.
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Published in American Journal of Agricultural Economics, February 2006, vol. 88 no. 1, pp. 90-103
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Journal Article: State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets (2006)
Working Paper: State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:12357
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