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Most fresh produce commodities are highly perishable. Thus, supply at any time is fixed at prices above marginal harvest costs. In this paper we develop a model of short-run farm price determination for produce commodities that incorporates this key structural feature and also allows for...
Persistent link: https://www.econbiz.de/10009397308
We investigate the optimal collection and expenditure of funds for agricultural commodity promotion in markets where the processing and distribution sectors may exhibit oligopoly and/or oligopsony power. The conditions that characterize optimal advertising intensity under perfect competition for...
Persistent link: https://www.econbiz.de/10009397715
Studies of agricultural research benefits usually assume perfectly competitive markets. Studies that have allowed for market power of agribusiness firms have generally assumed unrealistic pure monopsony or monopoly behavior. This paper allows for processing firms to exhibit a range of degrees of...
Persistent link: https://www.econbiz.de/10009392888
We investigate the optimal collection and expenditure of funds for agricultural commodity promotion in markets where the processing and distribution sectors may exhibit oligopoly and/or oligopsony power. The conditions that characterize optimal advertising intensity under perfect competition for...
Persistent link: https://www.econbiz.de/10005324912
The spatial distribution of production is a defining characteristic of agriculture, and the location choice in geographic space and the spatial pricing policies adopted by agricultural processing/packing firms are key determinants of the competitiveness and efficiency of agricultural product...
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Significant transport costs and spatially distributed supply and processing create oligopsony power in agricultural markets. Price discrimination expressed in the form of partial or complete absorption of freight charges by processors is often observed in these environments, but we understand...
Persistent link: https://www.econbiz.de/10010535104