Boyer, Christopher N.; Brorsen, B. Wade - In: American Journal of Agricultural Economics 95 (2013) 4, pp. 859-876
Controversy remains about the effectiveness of the 1999 Livestock Mandatory Price Reporting Act (MPRA). We determine the likely changes in beef packers' market power after the MPRA by using an agent-based, first-price common-value auction. Past research has employed Cournot models, but we use an...