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Title: Does Vertical Integration Effect Market Power? Evidence from U.S. Food Manufacturing Industries
Authors: Bhuyan, Sanjib
Keywords: food industries
market power
vertical integration
vertical merger
JEL Codes: L13
Issue Date: 2005-04
Abstract: The issue of whether vertical integration can raise market power is hotly debated because firms have a market power-related incentive to integrate vertically. Using a sample of U.S. food manufacturing industries, this “market power” motive is empirically tested in this study. Empirical analysis shows that forward vertical ownership integration (or vertical mergers) did not increase food manufacturers’ market power in the final product market. The study, however, shows that both market structure and conduct significantly influenced market power in the food industries.
Notes: Vertical Integration
Institution/Association: Journal of Agricultural and Applied Economics>Volume 37, Number 01, April 2005
Total Pages: 14
From Page: 263
To Page: 276
Collections:Volume 37, Number 01, April 2005

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