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Elasticity Of Supply And The Incentive For Collusive Buying

Author

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  • Piggott, Roley R.

Abstract

A model is developed to show how changes in the elasticity of the supply function at the farm level offset increased levels of buyer (processor) concentration such that given percentage increases in demand by large buyers result in the same, or smaller, percentage price changes than do increases in demand on the part of small buyers. Since the incentive for collusive buying is a function of the potential price increases which follow demand increases, there may be little incentive for buyers to collude even if they are highly concentrated.

Suggested Citation

  • Piggott, Roley R., 1970. "Elasticity Of Supply And The Incentive For Collusive Buying," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 1-7, December.
    • Handle: RePEc:ags:ajaeau:22409
    DOI: 10.22004/ag.econ.22409
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    File URL: https://ageconsearch.umn.edu/record/22409/files/14020131.pdf
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    Cited by:

    1. Hogan, J.C. & Todd, Mike C., 1979. "Empirical Tests Of Spatial And Structural Effects On Cattle Auction Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 1-15, December.

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    Keywords

    Demand and Price Analysis;

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