This paper examines a simple model of strategic interactions among firms that face at least some of the same rivals in two related markets (for goods 1 and 2). It shows that when firms compete in quantity, market prices increase as the degree of multi-market contact increases. However, the...

The analysis of price transmission in transition countries is complicated by their often unstable policy environments. We utilise a Markov-switching vector error correction model (MSVECM) to allow for multiple regime shifts in the price relationship between wheat and wheat flour in Ukraine from...

Most of the studies based on the New Empirical Industrial Organization (NEIO) approach use the industry data to estimate the degree of market power at the national level. Yet, only a few empirical studies presented the results that measure the degree of market power at the regional level and...

Applied econometric analyses of market integration based on price data alone have been criticised, because they neglect the role of transaction costs. To meet this objection threshold vector error correction models are used. Threshold models can account for the effects of transaction costs in...

This paper characterises smallholder milk outlets in Nakuru district one of the major milk producing Districts in Kenya, and also analyses factors that influence their current operating and handling capacities. Data comes from four divisions of the district. A sample of 137 smallholder milk...

In the recent past, the concentration of seed maize processing and marketing in Kenya has raised serious public concerns. The inability of this industry to ensure affordable prices of certified seed maize for the farming community has led policy makers to question its market behaviour. In spite...

The wood furniture industry of the Uba's region (Brazil) presents a high degree of vertical integration. Outsourcing is cited in the literature as a way of increasing a sector’s competitiveness, through higher efficiency. Aiming to test this hypothesis, the research objective was to assess the...