Estimating bilateral market power of processors and retailers in the U.S. beef industry

Agribusiness ◽  
2018 ◽  
Vol 34 (4) ◽  
pp. 771-792 ◽  
Author(s):  
Chanjin Chung ◽  
Seongjin Park ◽  
Jungmin Lee
Keyword(s):  
1998 ◽  
Vol 38 (4) ◽  
pp. 799-824 ◽  
Author(s):  
Barry J. Seldon ◽  
Chulho Jung ◽  
Roberto J. Cavazos
Keyword(s):  

1994 ◽  
Vol 8 (3) ◽  
pp. 163-178 ◽  
Author(s):  
Cynthia A Montgomery

This paper documents the significant presence of diversified firms in the U.S. economy and presents three views on why firms diversify. The market power view argues that firms diversify to wield conglomerate power across markets. The agency view argues that diversification is undertaken by managers pursuing their own interests at the expense of the firm's owners. The resource view argues that firms diversify in response to excess capacity in productive factors. A review of recent empirical research finds little support for the market-power view and a substantial amount of evidence that is consistent with the agency and resource views.


Author(s):  
Dimitrios Panagiotou ◽  
Athanassios Stavrakoudis

AbstractThe objective of this study is to assess the degree and the structure of price dependence between different cuts of the beef industry in the USA. This is pursued using the statistical tool of copulas. To this end, it utilizes retail monthly data of beef cuts, within and between the quality grades of Choice and Select, over the period 2000–2014. For the Choice quality grade, there was evidence of asymmetric price co-movements between all six pairs of beef cuts under consideration. No evidence of asymmetric price co-movements was found between the three pairs of beef cuts for the Select quality grade. For the pairs of beef cuts formed between the Choice and Select quality grades, the empirical results point to the existence of price asymmetry only for the case of the chuck roast cut.


1995 ◽  
Vol 10 (5) ◽  
pp. 559-576 ◽  
Author(s):  
William Nebesky ◽  
B. Starr McMullen ◽  
Man-Keung Lee

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