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Title: Price and Cost Impacts of Concentration in Food Manufacturing Revisited
Authors: Lopez, Rigoberto A.
Liron-Espana, Carmen
Keywords: cost efficiency
food prices
food processing
industrial concentration
market power
Issue Date: 2005
Abstract: This study estimates the elasticities of wholesale food prices, cost efficiency, and market power with respect to industrial concentration in 35 food processing industries, modifying the model of Lopez, Azzam, and Lirón-España (2002). In contrast to the results of their earlier analysis, findings of this study indicate that further increases in concentration would result in significant processing cost savings (and Lerner index increases) in nearly all industries and that output prices would decline in nearly 50% of the industries, although significantly so in only 20% of them. As industrial concentration rises, price declines occur in industries with low levels of concentration while price increases occur in highly concentrated industries.
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 23, Number 1, Spring 2005
Total Pages: 15
From Page: 41
To Page: 55
Collections:Volume 23, Number 1, Spring 2005

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