THE FARM-WHOLESALE PRICE SPREAD IN AN IMPERFECTLY COMPETITIVE MARKET: A DYNAMIC APPROACH

The time series properties of the farm-wholesale price spread are used to generate conjectural elasticities, measuring marketing firms' market power in a commodity market. Results show that dynamic models improve upon traditional static models by capturing intertemporal supply and prices effects. Efficiency gains of the estimates are also observed.


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/20859
PURL Identifier:
http://purl.umn.edu/20859
Total Pages:
15
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2020-10-28

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