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This paper is concerned with the impact of food scares, principally the BSE crisis, in the UK and focuses on price adjustment at different stages in a vertically-related market. Our interest is motivated primarily by the presence of market power that is alleged to occur in UK food retailing....
Persistent link: https://www.econbiz.de/10005868789
This paper focuses on price transmission in a vertically-related set-up where the retail stage may exercise oligopoly and/or oligopsony power, an issue addressed by the UK anti-trust authority investigation of the food retailing sector. From a theoretical perspective, we set out simple tests...
Persistent link: https://www.econbiz.de/10005868790
This paper is concerned with the impact of food scares, principally the BSE crisis, in the UK and focuses on price adjustment at different stages in a vertically-related market. From a theoretical perspective we show that if market power has an effect on the margin between retail and farm prices...
Persistent link: https://www.econbiz.de/10005868813
Much of the recent literature on price transmission focuses on whether price changesoccurring at one stage of the food sector are fully transmitted in changes to retail prices. Therole of market structure in determining the degree of price transmission is often emphasised,the presumption being...
Persistent link: https://www.econbiz.de/10005869104
In 1996 the Potato Marketing Scheme was abolished ending forty years ofinstitutional control over the British potato market. This paper offers aretrospective analysis of the control mechanisms adopted and develops atheoretical model of supply response that reflects this policy environment....
Persistent link: https://www.econbiz.de/10005869342