000011508 001__ 11508
000011508 005__ 20180122194239.0
000011508 037__ $$a1099-2016-89519
000011508 041__ $$aen
000011508 245__ $$aMarket Power and Supply Shocks: Evidence from the Orange Juice Market
000011508 260__ $$c2006
000011508 269__ $$a2006
000011508 270__ $$mwanghon7@msu.edu$$pWang,   Honglin
000011508 270__ $$mxiangqin@msu.edu$$pXiang,   Qing
000011508 270__ $$mreardon@msu.edu$$pReardon,   Thomas
000011508 300__ $$a21
000011508 336__ $$aWorking or Discussion Paper
000011508 446__ $$aEnglish
000011508 490__ $$aDepartment of Agricultural Economics Staff Paper 2006-02
000011508 520__ $$aThe orange juice market is a “weather market” because of its high geographical concentration and the natural characteristics of orange trees. A few hours of a freeze in Florida is enough to cause a supply shock to the orange juice market. How do oligopolistic firms react to supply shocks – do they become more collusive or more competitive? This paper empirically examines the proposition and finds that the level of market power of orange juice firms decreases significantly, and the market becomes more competitive during supply shocks even though prices rise.
000011508 650__ $$aMarketing
000011508 700__ $$aWang, Honglin
000011508 700__ $$aXiang, Qing
000011508 700__ $$aReardon, Thomas
000011508 8564_ $$s162154$$uhttps://ageconsearch.umn.edu/record/11508/files/sp06-02.pdf
000011508 887__ $$ahttp://purl.umn.edu/11508
000011508 909CO $$ooai:ageconsearch.umn.edu:11508$$pGLOBAL_SET
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  Previous issue date: 2006
000011508 982__ $$gMichigan State University>Department of Agricultural Economics>Staff Paper Series
000011508 980__ $$a1099