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Measures of Buyer Concentration in the Australian Wool Market

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  • Hanson, Phillip
  • Simmons, Phil

Abstract

The study uses empirical measures of market concentration to examine buyer competition in wool between 1974 and 1992. Three measures of concentration are examined, concentration ratios, Herfindahl indices and Lorenz curves. Data from the Australian Council of Wool Exporters are used to obtain estimates of these measures over the sample period. The results indicate that the buying sector in the Australian wool market is relatively concentrated and calculation of Spearman correlation coefficients indicate that rankings have not altered significantly in recent years.

Suggested Citation

  • Hanson, Phillip & Simmons, Phil, 1995. "Measures of Buyer Concentration in the Australian Wool Market," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), pages 1-7, August.
    • Handle: RePEc:ags:remaae:12330
    DOI: 10.22004/ag.econ.12330
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    References listed on IDEAS

    as
    1. Stephen Beare & Helen Meshios, 1990. "Substitution Between Wools Of Different Fibre Diameter," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 34(1), pages 56-66, April.
    2. Curry, B & George, K D, 1983. "Industrial Concentration: A Survey," Journal of Industrial Economics, Wiley Blackwell, vol. 31(3), pages 203-255, March.
    3. Beare, Stephen & Meshios, Helen, 1990. "Substitution Between Wools Of Different Fibre Diameter," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(1), pages 1-11, April.
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    Cited by:

    1. Ali, Mubarik & Farooq, Umar, 2004. "Dietary Diversity And Rural Labor Productivity: Evidence From Pakistan," 2004 Annual meeting, August 1-4, Denver, CO 20310, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Phil Simmons & Phillip Hansen, 1997. "The effect of buyer concentration on prices in the Australian wool market," Agribusiness, John Wiley & Sons, Ltd., vol. 13(4), pages 423-430.
    3. Mounter, Stuart W. & Griffith, Garry R. & Piggott, Roley R. & Fleming, Euan M. & Zhao, Xueyan, 2008. "An Equilibrium Displacement Model of the Australian Sheep and Wool Industries," Research Reports 37663, New South Wales Department of Primary Industries Research Economists.
    4. Chang, Hui-Shung, 1997. "Coking coal procurement policies of the Japanese steel mills: changes and implications," Resources Policy, Elsevier, vol. 23(3), pages 125-135, September.
    5. Yakob, M.T. & Viljoen, Machiel F. & Jooste, Andre & Graz, M., 2006. "International Trade Performance of the South African Fish Industry," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25736, International Association of Agricultural Economists.
    6. Nolan, Elizabeth & Farrell, Terence & Ryan, Madeleine & Gibbon, Candice & Ahmadi-Esfahani, Fredoun Z., 2014. "Valuing quality attributes of Australian merino wool," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), July.

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