Structural Changes and Dairy Chain Efficiency in Italy

The dairy chain in Italy experienced substantial structural changes during the past years. Since the introduction of milk quotas in 1984, structural changes caused by consistent reduction of dairy farms, growing brand concentration at wholesale level, and diffusion of private labels at retail level may have altered the competitive market conditions, with increasing price asymmetry and inefficiencies in price transmission. We tested this hypothesis using the McCorriston and Sheldon’s successive oligopoly model, and we gave evidences of altered price transmission and consumer’s surplus distribution along the vertical chain in the examined period.


Editor(s):
Schiefer, Gerhard
Rickert, Ursula
Subject(s):
Issue Date:
2015-07
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 2194-511X (Other)
PURL Identifier:
http://purl.umn.edu/208882
Published in:
International Journal on Food System Dynamics, Volume 06, Number 3
Page range:
191-211
Total Pages:
21




 Record created 2017-04-01, last modified 2017-08-28

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