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Structural Change and Competition in Seven U.S. Food Markets

Author

Listed:
  • Reed, Albert J.
  • Clark, J. Stephen

Abstract

Recent trends in mergers and acquisitions in the U.S. food sector- food manufacturers, wholesalers, and retailers raise concerns about market power. In the presence of market power, farmers may receive lower than competitive farm prices, and consumers may pay higher than competitive retail prices. This study presents empirical tests of market power at the national level for seven food categories: beef, pork, poultry, eggs, dairy, fresh fruit, and fresh vegetables. At the national level, our tests provide evidence of competitive conduct in both the sale of final food products and the purchase of farm ingredients.

Suggested Citation

  • Reed, Albert J. & Clark, J. Stephen, 2000. "Structural Change and Competition in Seven U.S. Food Markets," Technical Bulletins 33558, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:33558
    DOI: 10.22004/ag.econ.33558
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    Citations

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    Cited by:

    1. Catherine Durham & James Eales, 2010. "Demand elasticities for fresh fruit at the retail level," Applied Economics, Taylor & Francis Journals, vol. 42(11), pages 1345-1354.
    2. Catherine Morrison Paul, 2003. "Productivity and Efficiency Measurement in Our “New Economy”: Determinants, Interactions, and Policy Relevance," Journal of Productivity Analysis, Springer, vol. 19(2), pages 161-177, April.
    3. Tim Lloyd, 2017. "Forty Years of Price Transmission Research in the Food Industry: Insights, Challenges and Prospects," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 3-21, February.
    4. Lloyd, Tim A. & Morgan, C. Wyn & McCorriston, Steve & Rayner, Anthony J., 2003. "The Impact Of Food Scares On Price Transmission In Inter-Related Markets," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25904, International Association of Agricultural Economists.
    5. Timothy A. Wise & Sarah E. Trist, "undated". "Buyer Power in U.S. Hog Markets: A Critical Review of the Literature," GDAE Working Papers 10-04, GDAE, Tufts University.

    More about this item

    Keywords

    Agribusiness; Industrial Organization;

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