IDENTIFYING IMPLICIT COLLUSION UNDER DECLINING OUTPUT DEMAND

The "trigger price" oligopoly model is used to develop a test for oligopolistic as well as oligopsonistic conduct by observing how an industry responds to unexpected declines in output demand. The hypothesis that U.S. beef packers maintain cooperative pricing strategies is rejected.

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Year of publication:	1996
Authors:	Weliwita, Ananda ; Azzam, Azzeddine M.
Published in:	Journal of Agricultural and Resource Economics. - Western Agricultural Economics Association - WAEA. - Vol. 21.1996, 02
Publisher:	Western Agricultural Economics Association - WAEA
Subject:	Demand and Price Analysis

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064484