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Traders’ market power along Indonesian rubber value chains

Kopp, Thomas; Brümmer, Bernhard - In: China Agricultural Economic Review 9 (2017) 2, pp. 169-187

Purpose While traders of agricultural products are known to often exercise market power, this power has rarely been quantified for developing countries. The paper aims to discuss this issue. Design/methodology/approach In order to derive a measure, the authors estimate the traders’ revenue...

Persistent link: https://www.econbiz.de/10014689932

The Knightian Firm: Uncertainty, Entrepreneurial Judgement and Coordination

Yu, Tony Fu-Lai - In: Journal des �conomistes et des �tudes Humaines 12 (2002) 4

This paper interprets Knights views of the firm from the standpoint of his theory of human agency. Focusing on the coordination perspective, this paper argues that Knightian firms are institutions which deal with intersubjective uncertainty. The fundamental principle underlying an organized...

Persistent link: https://www.econbiz.de/10014612448

Benchmarking the utility theory: a data envelopment approach

Dalalah, Doraid; Al-Rawabdeh, Wasfi - In: Benchmarking: An International Journal 24 (2017) 2, pp. 318-340

Purpose The purpose of this paper is to benchmark alternatives of decision problems that include risk and uncertainty … considering different risk attitudes via a new data envelopment analysis (DEA) decision model. Design/methodology/approach A new ….e. gambles). The amount of risk in the alternatives is measured by a newly introduced risk ratio (RR). Each alternative is …

Persistent link: https://www.econbiz.de/10014684762

Behavioral economic insights on index insurance design

Carter, Michael; Elabed, Ghada; Serfilippi, Elena - In: Agricultural Finance Review 75 (2015) 1, pp. 8-18

face of risk and uncertainty, the implications of these insights for the demand for agricultural insurance are under … risk in insurance contracts; and, the fact that insurance premiums are typically framed as certain and unavoidable, while …

Persistent link: https://www.econbiz.de/10014667372

Market Power Effects on Market Equilibrium in Ambient Permit Markets

Schwartz, Sonia - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1

Abstract This paper discusses market power effects in ambient permit markets. We consider a dominant firm in a position to exert market power in several markets. A first conclusion is that the distortion observed on manipulated markets spreads to other markets. We find that the manipulated...

Persistent link: https://www.econbiz.de/10014587590

R&D Subsidies and the Surplus Appropriability Problem

Sørensen, Anders - In: Topics in Macroeconomics 6 (2006) 2

It may be optimal from a welfare perspective to use R&D subsidies when the source of R&D distortions originates from the surplus appropriability problem and technological spillovers in the form of knowledge spillovers, creative destruction, and duplication externalities are absent. Hence, R&D...

Persistent link: https://www.econbiz.de/10014588405

Effective Scrappage Subsidies

Esteban, Susanna - In: The B.E. Journal of Theoretical Economics 7 (2007) 1

It is a common practice for governments to offer scrappage subsidies in order to stimulate the early removal of used cars and modify the distribution of vehicle holdings. In this paper, we analyze the market implications of such subsidies when producers have market power and face competition...

Persistent link: https://www.econbiz.de/10014589096

Inventory Constraints in a Dynamic Model of Imperfect Competition: An Application to Beef Packing

Hunnicutt, Lynn; Aadland, David - In: Journal of Agricultural & Food Industrial Organization 1 (2003) 1

This paper incorporates inventory dynamics into a standard conjectural variations analysis of market power. Using a model which incorporates closed-loop equilibrium strategies, we show that measures of market power that ignore inventory dynamics are biased. We then apply the model to the...

Persistent link: https://www.econbiz.de/10014601236

A Simple Test of Oligopsony Behavior with an Application to Rice Milling

Crespi, John M.; Gao, Zhifeng; Hanawa Peterson, Hikaru - In: Journal of Agricultural & Food Industrial Organization 3 (2005) 2

While the development of empirical models of seller conduct abound, arguably less attention has been paid to the development of empirical models of buyer conduct. This is especially problematic in studies of food and agricultural industries where high buyer concentration along the supply chain...

Persistent link: https://www.econbiz.de/10014601278

Market Power and European Competition in the Swedish Food Industry

Wilhelmsson, Fredrik - In: Journal of Agricultural & Food Industrial Organization 4 (2006) 1

This paper investigates the existence of market power in the Swedish food and beverage industry and how market power has been affected by European competition (the Single Market and Swedish EU membership). The study makes use of a census of some 500 firms for the period 19902002. The results...

Persistent link: https://www.econbiz.de/10014601289

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