@article{Ciaian:163912,
      recid = {163912},
      author = {Ciaian, Pavel and Kancs, d'Artis},
      title = {The Impact of Market Imperfections on Heterogeneous Firm  Output, Productivity, and Profit},
      journal = {Journal of Rural Cooperation},
      address = {2011},
      number = {886-2016-64668},
      pages = {24},
      year = {2011},
      abstract = {The present paper studies the impact of market  imperfections on
heterogeneous firm output, productivity,  and profit in the presence of food
price volatility. Using  a unique firm-level panel data set for about  20,000
agricultural producers in Central and Eastern Europe  (CEE), we estimate the
impact of food price shocks on  small- and medium-sized individual farms
(IF) and large  corporate farms (CF). Our empirical findings suggest that,  in
relative terms, the rising food prices might reduce the  output, productivity,
and profit of individual farms  compared to large corporate farms. Simulation
results show  that, depending on the relative price changes in input  and
output markets, the output response of individual farms  is between 6% and
18% lower than the output response of  corporate farms.},
      url = {http://ageconsearch.umn.edu/record/163912},
      doi = {https://doi.org/10.22004/ag.econ.163912},
}