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Market power, markup volatility and the role of cooperatives in the food value chain: evidence from Italy.

Authors :
Lee, Hyejin
Cayseele, Patrick Van
Source :
European Review of Agricultural Economics; Jul2024, Vol. 51 Issue 3, p844-894, 51p
Publication Year :
2024

Abstract

Agricultural cooperatives are often promoted as a way to give farmers countervailing market power and greater income stability. This paper investigates to what extent cooperatives in food supply chains achieve these objectives. We estimate firm-level markups and markup volatility in the Italian fruits and vegetable (F&V) and dairy sectors at both the farming and processing stages for the period 2007–2014. We find mixed results: compared to non-cooperatives, F&V processor cooperatives have higher markups, while F&V farmer cooperatives and dairy processor cooperatives have lower markups. We do not find strong evidence of their role on markup volatility. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01651587
Volume :
51
Issue :
3
Database :
Complementary Index
Journal :
European Review of Agricultural Economics
Publication Type :
Academic Journal
Accession number :
179000153
Full Text :
https://doi.org/10.1093/erae/jbac001