Market power on the edge? An analysis of the German and Hungarian hog markets

A structural market model is estimated to analyse the impact of market power on resource allocation in the German and Hungarian pork markets. The regression analyses suggest that market power exists, although on a relatively low level. Moreover, the estimates show that processors might pursue Courno...

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Veröffentlicht in:German Journal of Agricultural Economics 2009-01, Vol.58 (8), p.337-345
Hauptverfasser: Bakucs, Lajos Zoltán, Fertő, Imre, Hockmann, Heinrich, Perekhozhuk, Oleksandr
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Sprache:eng
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Zusammenfassung:A structural market model is estimated to analyse the impact of market power on resource allocation in the German and Hungarian pork markets. The regression analyses suggest that market power exists, although on a relatively low level. Moreover, the estimates show that processors might pursue Cournot strategies. In addition, we observe that the market power of processors in the German hog sector is decreasing, while in the Hungarian sector it is increasing. These results are consistent with the structural developments in pork production and pork processing.
ISSN:0002-1121
2191-4028
2191-4028
DOI:10.52825/gjae.v58i8.1763