Huang, Shu-Yu; Sexton, Richard J.; Xia, Tian - In: Agricultural Economics 34 (2006) 1, pp. 69-80
Researchers have often attributed the farm-wholesale price spread, after adjusting for marketing costs, as compensation for marketing firms' risk bearing. However, price spreads in excess of marketing costs can also be due to marketing firms' exercise of market power. In settings where both...