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Economic analysis of the changing structure of the U.S. flour milling industry

Author

Listed:
  • C.S. Kim

    (Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.)

  • C. Hallahan

    (Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.)

  • G. Schaible

    (Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.)

  • G. Schluter

    (Economic Research Service, USDA, 1800 M. Street, Washington, DC 20036-5831.)

Abstract

This article presents a decomposed Poisson regression model based on count data that evaluates structural changes in size, number of plants in each size class, and the concentration level of market power in the U.S. flour milling industry, simultaneously. Empirical results indicate that the effects of a changing wage rate and corporate bond rate on both the size distribution and the number of flour mills are significant, but in opposite directions. Furthermore, a test for price leadership reveals that the U.S. flour milling industry has an oligopolistic market structure. [Econ-Lit citations: D430, L110, Q120] © 2001 John Wiley & Sons, Inc.

Suggested Citation

  • C.S. Kim & C. Hallahan & G. Schaible & G. Schluter, 2001. "Economic analysis of the changing structure of the U.S. flour milling industry," Agribusiness, John Wiley & Sons, Ltd., vol. 17(1), pages 161-171.
    • Handle: RePEc:wly:agribz:v:17:y:2001:i:1:p:161-171
    DOI: 10.1002/1520-6297(200124)17:1<161::AID-AGR1008>3.0.CO;2-0
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    References listed on IDEAS

    as
    1. Daniel M. Hellerstein, 1991. "Using Count Data Models in Travel Cost Analysis with Aggregate Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 860-866.
    2. Adesoji Adelaja & Rodolfo Nayga & Zafar Farooq, 1999. "Predicting mergers and acquisitions in the food industry," Agribusiness, John Wiley & Sons, Ltd., vol. 15(1), pages 1-23.
    3. Farris, Paul L. & Padberg, Daniel I., 1964. "Measures of Market Structure Change in The Florida Fresh Citrus Packing Industry," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 16(4), pages 1-12, October.
    4. Philip Garcia & Susan E. Offutt & Steven T. Sonka, 1987. "Size Distribution and Growth in a Sample of Illinois Cash Grain Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 471-476.
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    Cited by:

    1. Noel, Jay E. & Ahern, James & Schaffner, David J. & Johnson, Jill & Muelrath, Kristina & Schroeder, Kyle, 2002. "The Economic Feasibility of Forming a California Wheat Growers’ Cooperative," Research Reports 143136, University of California, Davis, Center for Cooperatives.
    2. Paul N. Wilson & Gary D. Thompson, 2003. "Time Integration: Agribusiness Structure for Competitive Advantage," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 30-43.
    3. 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.
    4. Peter Jacques, 2015. "Civil society, corporate power, and food security: counter-revolutionary efforts that limit social change," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 5(3), pages 432-444, September.

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