Abstract
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.
| Original language | English |
|---|---|
| Journal | Journal on Chain and Network Science |
| Volume | 9 |
| Issue number | 1 |
| Pages (from-to) | 43-58 |
| Number of pages | 16 |
| ISSN | 1569-1829 |
| DOIs | |
| Publication status | Published - 2009 |