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The producer, the baker, and a test of the mill price-taker

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  • Kyle Stiegert

Abstract

The purpose of the research in this paper was to test for upstream and downstream market power in the US hard wheat milling industry. This is an industry with very high and increasing levels of processing concentration, and one of the industry's largest firms (Archer Daniels Midland) was implicated in price-fixing in US lysine markets. The principal finding is that the hypothesis of competition could not be rejected in both the upstream and downstream markets. No evidence was found of market power in US hard wheat milling and social concerns about the conduct of incumbent firms seem unwarranted at this time.

Suggested Citation

  • Kyle Stiegert, 2002. "The producer, the baker, and a test of the mill price-taker," Applied Economics Letters, Taylor & Francis Journals, vol. 9(6), pages 365-368.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:6:p:365-368
    DOI: 10.1080/13504850110068846
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    References listed on IDEAS

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    1. William W. Wilson, 1995. "Structural changes and strategies in the North American flour milling industry," Agribusiness, John Wiley & Sons, Ltd., vol. 11(5), pages 431-439.
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    Cited by:

    1. Lukáš Čechura & Tinoush Jamali Jaghdani, 2021. "Market Imperfections within the European Wheat Value Chain: The Case of France and the United Kingdom," Agriculture, MDPI, vol. 11(9), pages 1-21, August.
    2. Rachael E. Goodhue & Carlo Russo, 2011. "Modeling Processor Market Power and the Incidence of Agricultural Policy: A Nonparametric Approach," NBER Chapters, in: The Intended and Unintended Effects of US Agricultural and Biotechnology Policies, pages 51-81, National Bureau of Economic Research, Inc.
    3. Franz Sinabell, 2005. "Marktspannen und Erzeugeranteil an den Ausgaben für Nahrungsmittel," WIFO Studies, WIFO, number 25398.
    4. Čechura, Lukáš & Jamali Jaghdani, Tinoush, 2021. "Market imperfections within the European wheat value chain: The case of France and the United Kingdom," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(9).

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