Incorporating Industrial Organization into Agricultural Trade Modelling

McCorriston, Steve; Sheldon, Ian M.

doi:10.1108/s0573-8555(1996)0000234014

Cited by 3 publications

(1 citation statement)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…23 23 For additional applications of this general proposition, see the work by Alston et al (1997) and Hamilton and Sunding (1998) on the magnitude and distribution of benefits from agricultural research under alternative competition scenarios, Suzuki et al (1993) on the impact of fluid milk price supports in a competitive versus imperfectly competitive market, and Lanclos and Hertel (1995) and McCorriston and Sheldon (1996) on the evaluation of trade barriers under alternative forms of market competition. …”

mentioning

confidence: 99%

Analysis of a supply‐control program under uncertainty and imperfect competition: Chinese cabbage in Taiwan

Huang

Sexton

Xia

2006

Agricultural Economics

View full text Add to dashboard Cite

Researchers have often attributed the farm-wholesale price spread, after adjusting for marketing costs, as compensation for marketing firms' risk bearing. However, price spreads in excess of marketing costs can also be due to marketing firms' exercise of market power. In settings where both imperfect competition and marketer risk aversion are plausible, a modeling framework must be sufficiently general to accommodate both types of behavior. This article develops and estimates such a model in the context of fresh produce marketing and develops the implications for analysis of supply-control programs. The model is applied to the production and marketing of Chinese cabbage in Taiwan and specifically to the analysis of supply-control programs implemented in this industry by the Taiwanese government. The empirical results provide little support for the hypothesis that marketing firms exhibit risk averse behavior, but they do show that marketing firms exercise oligopsony power in procurement of the product from farmers, and that this power is positively related to the quantity supplied in each market period. This provides a heretofore unexplored impetus for supply controls intended to raise producer incomes. However, such controls are also rendered less effective by imperfect competition because marketing firms capture part of the benefits from supply reduction. Copyright 2006 International Association of Agricultural Economics.

show abstract

mentioning

confidence: 99%

Analysis of a supply‐control program under uncertainty and imperfect competition: Chinese cabbage in Taiwan

Huang

Sexton

Xia

2006

Agricultural Economics

View full text Add to dashboard Cite

show abstract

Reflections on a Career as an Industrial Organization and International Economist

Sheldon¹

2020

Applied Eco Perspectives Pol

Self Cite

View full text Add to dashboard Cite

In this article, I reflect on my career in the agricultural economics profession as a researcher who has focused predominantly on the synthesis of two fields in economics: industrial organization and international trade. In that context, I consider my main contribution to have been in analyzing the impact of public policy where imperfect competition matters in the food and agricultural marketing system, be it in either the horizontal or vertical market dimensions. In addition, I have also paid considerable attention to incorporating market structure into empirical analysis of food and agricultural trade.

show abstract

Market Conduct and the Economic Impacts of a Tariff-Rate Quota Policy: The European Banana Case

Herrmann

Sexton

2002

Agricultural Globalization Trade and the Environment

View full text Add to dashboard Cite

Incorporating Industrial Organization into Agricultural Trade Modelling

Cited by 3 publications

References 12 publications

Analysis of a supply‐control program under uncertainty and imperfect competition: Chinese cabbage in Taiwan

Analysis of a supply‐control program under uncertainty and imperfect competition: Chinese cabbage in Taiwan

Reflections on a Career as an Industrial Organization and International Economist

Market Conduct and the Economic Impacts of a Tariff-Rate Quota Policy: The European Banana Case

Contact Info

Product

Resources

About