Measuring bank performance solely on the basis of profitability conveys significant information about past performance, but may provide little information about expectations for future performance. Therefore, this paper relies on a much broader definition of performance and introduces a...

The average value of a particular class of agricultural exports varies widely across different destinations. This raises the question: in the event of a supply shock, such as the implementation of the Emissions Trading Scheme, can farmers offset higher costs by raising their average prices by...

Building on a model of the interaction of risk-averse firms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic firms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...

Price transmission studies related to the cointegration of price time series are a suitable means for studying market dominance at the various market levels in the food product chains. For this study a price transmission asymmetry study was carried out for 18 commercial food product chains. In...

The paper proposes a new classification of industrial market players (firms) by indicators such as «concentration of firms» and «sustainability of leading market positions». This classiiication allows identifying the several types of markets which can be characterized by their market power...

This paper investigates the impacts of non-constant return to scale, oligopsony power, and oligopoly power on farm value share with the approach of equilibrium displacement model. Our paper contrasts to the current literature that non-constant return to scale, oligopoly power, and oligopsony...

This paper examines whether there necessarily exists a conflict between allocative and productive efficiency in small open economy markets. That productive efficiency favours market concentration is not in dispute, and the sole question we face is whether allocative efficiency suffers under high...

Numerous celebrated economists have pointed to the discipline's failure to adequately explain markets and how prices are formed. This paper addresses that deficiency. It considers the basic function of a market, defined as to coordinate the supply of a product with demand via movements in price....

For as long as there have been commercial corporations, the social performance of business has been continually contested. In spite of this, the corporate citizenship agenda of the 21st century continues to have a surprising lack of historical depth. This article investigates the conduct of the...

Since the announcement of the birth of Dolly the cloned sheep in February 1997, assiduous attempts have been made to emphasise the potential benefits of human cloning techniques that do not result in a cloned baby: replacement body organs; cancer and ageing research; testing new pharmaceuticals,...