Measuring Market Power with Variables Other than Price
Beef packing has become an extremely concentrated industry, yet studies have found that little, if any, market power exists. We propose and test alternative measures of behavior that may better describe how packers control purchases from feedlots, using confidential data collected by the USDA Grain Inspection, Packers and Stockyards Administration.
Year of publication: |
2002-05
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Authors: | Hunnicutt, Lynn ; Bailey, DeeVon ; Crook, Michelle |
Institutions: | Department of Applied Economics, Utah State University |
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