Conference poster

Authors list:  Perekhozhuk, Oleksandr; Glauben, Thomas; Teuber, Ramona; Grings, Michael

Publication year: 2012

DOI Link: https://doi.org/10.22004/ag.econ.126203

Conference: International Association of Agricultural Economists (IAAE) 2012 Conference

Abstract: 

The objective of this study is, based on the existing literature, to provide a general systematic characteristic of market structure models. We distinguish cost, production, profit, revenue functions, as well as the general identification approach as most plausible methods to measure the degree of market power. Using time-series data of the Ukrainian milk processing industry, as an example, we utilized the production approach to estimate the exercise of oligopsony power, test functional forms and verify estimation methods. The results of two-equation models did not produce any evidence suggesting the exercise of market power, whereas, the three-equation models revealed the presence of oligopsony.

Harvard Citation style: Perekhozhuk, O., Glauben, T., Teuber, R. and Grings, M. (2012) Survey of Empirical Studies of Market Power in Food Industries [Poster], International Association of Agricultural Economists (IAAE) 2012 Conference, Foz do Iguaçu, Brazil, August 18-24, 2012. https://doi.org/10.22004/ag.econ.126203

APA Citation style: Perekhozhuk, O., Glauben, T., Teuber, R., & Grings, M. (2012, August 18-24, 2012). Survey of Empirical Studies of Market Power in Food Industries [Poster]. International Association of Agricultural Economists (IAAE) 2012 Conference, Foz do Iguaçu, Brazil. https://doi.org/10.22004/ag.econ.126203