Gafarova, Gulmira; Perekhozhuk, Oleksandr; Glauben, Thomas - In: Journal of Industry, Competition and Trade 23 (2023) 1-2, pp. 1-32
This study looks at whether Kazakh and Russian wheat exporters leverage their dominant share of the wheat markets in the South Caucasus to exercise market power. We apply a three-stage estimation for systems of simultaneous equations and Zellner’s seemingly unrelated regression to analyze...