Lloyd, Tim; Morgan, C. W.; Rayner, Anthony J.; … - University <Nottingham> / Department of Economics; … - 2004
This paper is concerned with the impact of food scares, principally the BSE crisis, in the UK and focuses on price … power that is alleged to occur in UK food retailing. From a theoretical perspective, we show that if market power has an … substitution by consumers. The results suggest that we cannot reject the importance of market power in the UK food sector in …