COMPETITION AND PRICE RELATIONSHIPS FOR AN ELECTRONIC MARKET

A typical structural characterization of producer-first handler commodity markets is competitive sellers facing oligopsonistic buyers. New evidence is presented which suggests that each additional bidder in an electronic market results in nearly 3 percent added to price, net of the effects of quality and location variables. This evidence reinforces the importance of buyer competition to producers.


Issue Date:
1986-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278102
Language:
English
Total Pages:
14




 Record created 2018-10-12, last modified 2020-10-28

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