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Market Power in the European Dairy Industry.
- Source :
-
Agris On-Line Papers in Economics & Informatics . 2015, Vol. 7 Issue 4, p39-47. 9p. - Publication Year :
- 2015
-
Abstract
- The paper presents an analysis of market power in the output milk-processing market. In particular, the paper identifies market failures in the output milk-processing market in 24 EU member states. The analysis is based on a mark-up model and the application of stochastic frontier methodology. The results show that market failures are pronounced on the EU output milk-processing market. However, the abuse of oligopoly market power is not large on average, despite the fact that we can find significant differences among the countries. The mark-up distribution is skewed toward lower values. That is, the majority of companies are characterized by only a small or almost no degree of market power; however, there are companies (about 10 %) with considerably high oligopoly market power. [ABSTRACT FROM AUTHOR]
- Subjects :
- *MILK industry
*MARKET power
*MARKET failure
*FOOD industry
*PRICING
Subjects
Details
- Language :
- English
- ISSN :
- 18041930
- Volume :
- 7
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Agris On-Line Papers in Economics & Informatics
- Publication Type :
- Academic Journal
- Accession number :
- 112071357
- Full Text :
- https://doi.org/10.7160/aol.2015.070404