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000029772 037__ $$a1378-2016-110766
000029772 037__ $$a1378-2016-111728
000029772 041__ $$aen
000029772 245__ $$aMONOPSONISTIC FOOD PROCESSING AND FARM PRICES: THE CASE OF THE WEST ALABAMA CATFISH INDUSTRY
000029772 260__ $$c1986-12
000029772 269__ $$a1986-12
000029772 300__ $$a10
000029772 336__ $$aJournal Article
000029772 446__ $$aEnglish
000029772 520__ $$aIncreasing concentration in food processing has important economic implications for agricultural producers and consumers.  This paper addresses the issue by focusing on a case where pure monopsony conditions appear to hold-catfish processing in West Alabama.  Farm-level impacts of the market power imbalance are described via a six equation theoretical model.  Results show price elasticity of farm supply governing the economic incentive to the processor for exploiting its market power: less (more) elastic supply implies greater (lesser) divergence between competitive and monopsony price.  The theoretical model is operationalized using an indirect procedure recently suggested by Houck for estimating farm level supply elasticities.  Based on these supply elasticities and historical prices, the model predicts a 12-35 percent potential reduction in prices received by West Alabama producers as a result of market power imbalance.
000029772 650__ $$aIndustrial Organization
000029772 700__ $$aKinnucan, Henry W.
000029772 700__ $$aSullivan, Gregory M.
000029772 773__ $$dDecember 1986$$j 18$$k 2$$o24$$q15$$tSouthern Journal of Agricultural Economics
000029772 8564_ $$s853199$$uhttp://ageconsearch.umn.edu/record/29772/files/18020015.pdf
000029772 887__ $$ahttp://purl.umn.edu/29772
000029772 909CO $$ooai:ageconsearch.umn.edu:29772$$pGLOBAL_SET
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  Previous issue date: 1986-12
000029772 982__ $$gSouthern Journal of Agricultural Economics>Volume 18, Number 02, December 1986
000029772 980__ $$a1378