TY  - RPRT
AB  - This paper investigates the economic implications of storage behavior under imperfect
competition. It evaluates the economic dynamics implied by a storage firm under alternative
market structures. This includes perfect competition as well as imperfect competition under
Cournot behavior. The conceptual analysis is used to specify and estimate a model of storage
behavior, with an econometric application to the US American cheese market. The empirical
results provide statistical evidence of non-competitive storage behavior. They show that the
exercise of market power contributes to reduced stock fluctuations and increased price
instability in the US cheese market.
AU  - Chavas, Jean-Paul
DA  - 2006-10
DA  - 2006-10
DO  - 10.22004/ag.econ.201527
DO  - doi
ID  - 201527
KW  - Food Security and Poverty
KW  - Research and Development/Tech Change/Emerging Technologies
KW  - Research Methods/Statistical Methods
L1  - https://ageconsearch.umn.edu/record/201527/files/WP2006-04.pdf
L2  - https://ageconsearch.umn.edu/record/201527/files/WP2006-04.pdf
L4  - https://ageconsearch.umn.edu/record/201527/files/WP2006-04.pdf
LA  - eng
LK  - https://ageconsearch.umn.edu/record/201527/files/WP2006-04.pdf
N2  - This paper investigates the economic implications of storage behavior under imperfect
competition. It evaluates the economic dynamics implied by a storage firm under alternative
market structures. This includes perfect competition as well as imperfect competition under
Cournot behavior. The conceptual analysis is used to specify and estimate a model of storage
behavior, with an econometric application to the US American cheese market. The empirical
results provide statistical evidence of non-competitive storage behavior. They show that the
exercise of market power contributes to reduced stock fluctuations and increased price
instability in the US cheese market.
PY  - 2006-10
PY  - 2006-10
T1  - On Storage Behavior Under Imperfect Competition
TI  - On Storage Behavior Under Imperfect Competition
UR  - https://ageconsearch.umn.edu/record/201527/files/WP2006-04.pdf
Y1  - 2006-10
T2  - FSWP
T2  - 2006-04
ER  -