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Vertical Integration And Trade Policy: The Case Of Sugar

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  • Moss, Charles B.
  • Schmitz, Andrew

Abstract

The degree of vertical integration in the U.S. sugar industry between raw sugar processing and sugar refining cannot be explained using theories of vertical integration based on transaction costs (e.g. Williamson). We graphically decompose the economic rents accruing to each level in the marketing channel. Different strategies of several major sugar producing, processing and refining entities with regard to sugar quota policy are explored.

Suggested Citation

  • Moss, Charles B. & Schmitz, Andrew, 2000. "Vertical Integration And Trade Policy: The Case Of Sugar," 2000 Annual meeting, July 30-August 2, Tampa, FL 21754, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21754
    DOI: 10.22004/ag.econ.21754
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    References listed on IDEAS

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    1. Michael Boehlje, 1999. "Structural Changes in the Agricultural Industries: How Do We Measure, Analyze and Understand Them?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1028-1041.
    2. Gordon Rausser, 1999. "Private/Public Research: Knowledge Assets and Future Scenarios," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1011-1027.
    3. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    4. Just, Richard E & Hueth, Darrell L, 1979. "Welfare Measures in a Multimarket Framework," American Economic Review, American Economic Association, vol. 69(5), pages 947-954, December.
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    Cited by:

    1. Miller, Andrew D. & Langley, Suchada V. & Chambers, William, 2003. "Current Issues Affecting Trade And Trade Policy: An Annotated Literature Review," Working Papers 14596, International Agricultural Trade Research Consortium.
    2. Schmitz, Troy G. & Schmitz, Andrew & Moss, Charles B., 2004. "Two Approaches To Measuring The Economic Impact Of Starlink Corn On U.S. Producers," 2004 Annual meeting, August 1-4, Denver, CO 20306, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Verdonk, M. & Dieperink, C. & Faaij, A.P.C., 2007. "Governance of the emerging bio-energy markets," Energy Policy, Elsevier, vol. 35(7), pages 3909-3924, July.
    4. Eglantina Pazaj & Alba Dumi, 2015. "Economic Coordination Contracts and their Role in Integration of Farmers Markets," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 4, March.
    5. Getu Hailu & John Cranfield & Rawlin Thangaraj, 2010. "Do U.S. food processors respond to sweetener-related health information?," Agribusiness, John Wiley & Sons, Ltd., vol. 26(3), pages 348-368.

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    Keywords

    Agribusiness; Industrial Organization;

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