Multimarket Power Estimation: The Australian Retail Meat Sector

C.E. Hyde

No 517, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: A new technique for estimating market power in several markets simultaneously is developed and applied to the Australian retail beef, lamb, and pork markets. Some support is found for the restriction that market power is the same for each meat. Given equal market power in all three meats, we reject the hypothesis of perfect competition. Market power increased slightly over the period of analysis. Spillover effects of shocks to one market on other markets are calculated.

Keywords: AUSTRALIA; EVALUATION; AGRICULTURE; MEAT (search for similar items in EconPapers)
JEL-codes: C10 C13 O53 Q10 Q19 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:517

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