Market power behaviour in the danish food marketing chain
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Market power behaviour in the danish food marketing chain. / Jensen, Jørgen Dejgård.
In: Journal on Chain and Network Science, Vol. 9, No. 1, 2009, p. 43-58.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Market power behaviour in the danish food marketing chain
AU - Jensen, Jørgen Dejgård
PY - 2009
Y1 - 2009
N2 - The paper presents and demonstrates an econometric approach to analysing food industry firms' market pricing behaviour within the framework of translog cost functions and based on firm-level accounts panel data. The study identifies effects that can be interpreted as firms' market power behaviour in output or input markets. The most robust indications of market power behaviour in output markets are found in the pork and poultry processing sectors, as well as for firms in the bakeries sector. On the other hand, the most robust market power behaviour indications regarding input markets are found for poultry processing. In general, the patterns with regard to market power behaviour seem to be more clearly identified in the processing sectors than in the distribution sectors.
AB - The paper presents and demonstrates an econometric approach to analysing food industry firms' market pricing behaviour within the framework of translog cost functions and based on firm-level accounts panel data. The study identifies effects that can be interpreted as firms' market power behaviour in output or input markets. The most robust indications of market power behaviour in output markets are found in the pork and poultry processing sectors, as well as for firms in the bakeries sector. On the other hand, the most robust market power behaviour indications regarding input markets are found for poultry processing. In general, the patterns with regard to market power behaviour seem to be more clearly identified in the processing sectors than in the distribution sectors.
U2 - 10.3920/JCNS2009.x150
DO - 10.3920/JCNS2009.x150
M3 - Journal article
VL - 9
SP - 43
EP - 58
JO - Journal on Chain and Network Science
JF - Journal on Chain and Network Science
SN - 1569-1829
IS - 1
ER -
ID: 14698553