Comparing competitive toughness to benchmark outcomes in retail oligopoly pricing

Sakamoto, Ryo; Stiegert, Kyle W.

doi:10.1002/agr.21537

Cited by 5 publications

(3 citation statements)

References 54 publications

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“…A different approach to characterize the average “conduct” in the market has been proposed by d'Aspremont, Dos Santos Ferreira, and Gérard‐Varet () by means of estimating of a general “Competitive Toughness” parameter, as discussed at length elsewhere in this issue by Stiegert and Sakamoto ().…”

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confidence: 99%

Market power and bargaining in agrifood markets: A review of emerging topics and tools

2017

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Recent developments in modern agri-food markets have called into question the predictive capability of the traditional models and tools used by agricultural economists to assess and measure market power. As a result, agricultural economists are on a quest for novel methods and approaches that surpass the traditional market power construct. In this article, we present an essential overview of the evolution of the literature concerning power relationships in agrifood value chains. The goal of this review is to emphasize recent conceptual and empirical approaches, as well as highlight topics of interest that are likely to shape the direction of future analyses of market power and bargaining in the agrifood sector. [EconLit citations: L1,

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confidence: 99%

Market power and bargaining in agrifood markets: A review of emerging topics and tools

2017

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“…This approach is also useful to study empirically the interaction of groups within an industry. As an example, we review the method to estimate empirically the dominant firms' competitive toughness in a particuler industry (as proposed by Sakamoto and Stiegert 2018).…”

Section: Introductionmentioning

confidence: 99%

The Economics of Competition, Collusion and In-between

d’Aspremont¹,

Ferreira²

2021

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The Economics of Competition, Collusion and In-between "This is an excellent and concise study of the field of imperfect competition in both a general and partial equilibrium setting by two of the world's experts in this field. Starting from the basics of Edgeworth and Cournot, the authors gradually build up and extend the framework to include within and between group competition, the intensity of competitive behaviour and general equilibrium Ford effects. Throughout the microfoundations are rigorous and clearly explained, with simple examples and diagrams to illustrate the general insights. I recommend this book to any economist who wants to understand imperfect competition from a theoretical perspective."

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“…The formula derived in the previous (above-mentioned) work has already been used in an empirical application. Sakamoto and Stiegert (2018) study sales data of ground co¤ee in the US in order to evaluate, using this formula, the market conduct of the main brands, clustered into two groups, identi…ed to the dominant group and the competitive fringe but distinguished on the basis of preferences separability. They …nd that "the methodology is not burdensome to implement empirically because its primary requirements are estimates of elasticities of substitution".…”

Section: Introductionmentioning

confidence: 99%