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Structural Change, Rents Transferring And Market Power In The International Coffee Market: A Time Series Analysis

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  • Gomez, Miguel I.
  • Castillo, Mauricio

Abstract

The breakdown of the International Coffee Agreement (an oligopoly of exporting countries) in 1990 led to increasing competition for market share. We use an econometric model to examine the effects of the agreement's dissolution. Results suggest a transfer of rents from producers to wholesalers and little impact on consumers.

Suggested Citation

  • Gomez, Miguel I. & Castillo, Mauricio, 2001. "Structural Change, Rents Transferring And Market Power In The International Coffee Market: A Time Series Analysis," 2001 Annual meeting, August 5-8, Chicago, IL 20441, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20441
    DOI: 10.22004/ag.econ.20441
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    References listed on IDEAS

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    1. Bohman, Mary & Jarvis, Lovell & Barichello, Richard, 1996. "Rent Seeking and International Commodity Agreements: The Case of Coffee," Economic Development and Cultural Change, University of Chicago Press, vol. 44(2), pages 379-404, January.
    2. Robert H. Bates, 1998. "Open-Economy Politics: The Political Economy of the World Coffee Trade," Economics Books, Princeton University Press, edition 1, volume 1, number 6067.
    3. Chang, Hui-Shung (Christie) & Griffith, Garry R., 1998. "Examining long-run relationships between Australian beef prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-19.
    4. Sabuhoro, Jean Bosco & Larue, Bruno, 1997. "The market efficiency hypothesis: The case of coffee and cocoa futures," Agricultural Economics, Blackwell, vol. 16(3), pages 171-184, August.
    5. Steven S. Vickner & Stephen P. Davies, 2000. "Estimating strategic price response in a product-differentiated oligopoly: The case of a domestic canned fruit industry," Agribusiness, John Wiley & Sons, Ltd., vol. 16(2), pages 125-140.
    6. Jean Bosco Sabuhoro & Bruno Larue, 1997. "The market efficiency hypothesis: the case of coffee and cocoa futures," Agricultural Economics, International Association of Agricultural Economists, vol. 16(3), pages 171-184, August.
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    Cited by:

    1. Ben Shepherd, 2005. "Market Power in International Commodity Processing Chains: Preliminary Results from the Coffee Market," International Trade 0511013, University Library of Munich, Germany.

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