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Market Power in the European Dairy Industry.

Authors :
Čechura, L.
Kroupová, Z. Žáková
Hockmann, H.
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]

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