Spatial Differentiation And Market Power In Input Procurement

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Spatial Differentiation and Market Power in Input Procurement

Author : Jinho Jung
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (117 download)

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Book Synopsis Spatial Differentiation and Market Power in Input Procurement by : Jinho Jung

Download or read book Spatial Differentiation and Market Power in Input Procurement written by Jinho Jung and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the cost of transporting corn and the resulting degree of spatial differentiation among downstream firms that buy corn from upstream farmers and examine whether such differentiation softens competition enabling buyers to exert market power (defined as the ability to pay a price for corn that is below its marginal value product net of processing cost). We estimate a structural model of spatial competition using corn procurement data from the U.S. state of Indiana from 2004 to 2014. We adopt a strategy that allows us to estimate firm-level structural parameters while using aggregate data. Our results return a transportation cost of $0.12 per bushel per mile (5% of the corn price under average distance traveled), which provides evidence of spatial differentiation among buyers. The estimated average markdown is $0.80 per bushel (16% of the average corn price in the sample), of which $0.34 is explained by spatial differentiation and the rest by the fact that firms operated under binding capacity constraints. We also find that corn prices paid to farmers at the mill gate are independent of distance between the plant and the farm, providing evidence that firms do not engage in spatial price discrimination. Finally, we evaluate the effect of hypothetical mergers on input markets and farm surplus. A merger between nearby ethanol producers eases competition, increases markdowns by 20%, and triggers a sizable reduction in farm surplus. In contrast, a merger between distant buyers has little effect on competition and markdowns.

Competition in a Spatially-differentiated Product Market with Negotiated Prices

Author : Walter Beckert
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (122 download)

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Book Synopsis Competition in a Spatially-differentiated Product Market with Negotiated Prices by : Walter Beckert

Download or read book Competition in a Spatially-differentiated Product Market with Negotiated Prices written by Walter Beckert and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Intermediate Microeconomics

Author : Robert Mochrie
Publisher : Bloomsbury Publishing
ISBN 13 : 1137091665
Total Pages : 672 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis Intermediate Microeconomics by : Robert Mochrie

Download or read book Intermediate Microeconomics written by Robert Mochrie and published by Bloomsbury Publishing. This book was released on 2017-09-16 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative textbook contains everything students need to know on an intermediate microeconomics course. Combining classic theory and models with the latest developments, it gently guides learners through the topics and helps them to become increasingly independent. Mathematical understanding is a crucial part of mastering the subject, but can be tricky to obtain. Consequently, numerical tools and engaging exercises are expertly woven into the broader, conceptual discussion of economic theory. This process is progressive and incremental, with steps explained in great detail in the opening chapters to help students gain mathematical fluency and confidence. A microeconomics textbook that is essential reading for any intermediate level course at university. Although primarily aimed at two-semester undergraduate modules, the comprehensive and accessible writing style means that it is also suitable for certain postgraduate and one-semester courses. The author provides helpful notes on how to adapt the book to your course.

Land Economics

Author :
Publisher :
ISBN 13 :
Total Pages : 610 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Land Economics by :

Download or read book Land Economics written by and published by . This book was released on 1948 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New Palgrave Dictionary of Economics

Author :
Publisher : Springer
ISBN 13 : 1349588024
Total Pages : 7493 pages
Book Rating : 4.3/5 (495 download)

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Book Synopsis The New Palgrave Dictionary of Economics by :

Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Economic integration and spatial location of firms and industries

Author : Miroslav N. Jovanović
Publisher :
ISBN 13 :
Total Pages : 560 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Economic integration and spatial location of firms and industries by : Miroslav N. Jovanović

Download or read book Economic integration and spatial location of firms and industries written by Miroslav N. Jovanović and published by . This book was released on 2007 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aims to provide a survey of the theoretical foundations of spatial location of firms and industries, and to explore the impact of economic integration on this process. This book is intended for scholars, theorists, policymakers and business executives, who face these challenges to the economy.

Imperfect Competition in Multiproduct Industries with Application to California Pear Processing

Author : Joyce Jong-Wen Wann
Publisher :
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.:/5 (46 download)

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Book Synopsis Imperfect Competition in Multiproduct Industries with Application to California Pear Processing by : Joyce Jong-Wen Wann

Download or read book Imperfect Competition in Multiproduct Industries with Application to California Pear Processing written by Joyce Jong-Wen Wann and published by . This book was released on 1990 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Food Systems in Africa

Author : Gaëlle Balineau
Publisher : World Bank Publications
ISBN 13 : 1464815895
Total Pages : 166 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Food Systems in Africa by : Gaëlle Balineau

Download or read book Food Systems in Africa written by Gaëlle Balineau and published by World Bank Publications. This book was released on 2021-01-11 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid population growth, poorly planned urbanization, and evolving agricultural production and distribution practices are changing foodways in African cities and creating challenges: Africans are increasingly facing hunger, undernutrition, and malnutrition. Yet change also creates new opportunities. The food economy currently is the main source of jobs on the continent, promising more employment in the near future in farming, food processing, and food product distribution. These opportunities are undermined, however, by inefficient links among farmers, intermediaries, and consumers, leading to the loss of one-third of all food produced. This volume is an in-depth analysis of food system shortcomings in three West African cities: Abidjan, Côte d’Ivoire; Rabat, Morocco; and Niamey, Niger. Using the lens of geographical economics and sociology, the authors draw on quantitative and qualitative field surveys and case studies to offer insightful analyses of political institutions. They show the importance of “hard†? physical infrastructure, such as transport, storage, and wholesale and retail market facilities. They also describe the “soft†? infrastructure of institutions that facilitate trade, such as interpersonal trust, market information systems, and business climates. The authors find that the vague mandates and limited capacities of national trade and agriculture ministries, regional and urban authorities, neighborhood councils, and market cooperatives often hamper policy interventions. This volume comes to a simple conclusion: international development policy makers and their financial and technical partners have neglected urban markets for far too long, and now is the time to rethink and reinvest in this complex yet crucial subject.

Contract Farming for Inclusive Market Access

Author : Carlos A. Da Silva
Publisher : Food & Agriculture Organization of the UN (FAO)
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Contract Farming for Inclusive Market Access by : Carlos A. Da Silva

Download or read book Contract Farming for Inclusive Market Access written by Carlos A. Da Silva and published by Food & Agriculture Organization of the UN (FAO). This book was released on 2013 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to typify the extent to which contract farming is helping small farmers to access markets and meet increasingly stringent requirements, not only of "modern" food manufacturers, retailers, exporters and food service firms,by also in non-food sectors such as biofuels and forestry. It also seeks to clarify differences in the functionality of contracts depending on commodity, market, technology, public policies and country circumstances. Conceptual issues are discussed and a series of case study appraisals based on real world examples from developing regions are presented. The issuesraised by the case study authors and the key messages synthesized in the initial book chapter bring new insights and contributions to further enrich knowledge on contract farming as a tool for inclusive market access in development countries.

Public Technology Procurement and Innovation

Author : Charles Edquist
Publisher : Springer Science & Business Media
ISBN 13 : 9780792386858
Total Pages : 340 pages
Book Rating : 4.3/5 (868 download)

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Book Synopsis Public Technology Procurement and Innovation by : Charles Edquist

Download or read book Public Technology Procurement and Innovation written by Charles Edquist and published by Springer Science & Business Media. This book was released on 2000 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Technology Procurement and Innovation studies public technology procurement as an instrument of innovation policy. In the past few years, public technology procurement has been a relatively neglected topic in the theoretical and research literature on the economics of innovation. Similarly, preoccupation with `supply-side' measures has led policy-makers to avoid making very extensive use of this important `demand-side' instrument. These trends have been especially pronounced in the European Union. There, as this book will argue, existing legislation governing public procurement presents obstacles to the use of public technology procurement as a means of stimulating and supporting technological innovation. Recently, however, there has been a gradual re-awakening of practical interest in such measures among policy-makers in the EU and elsewhere. For these and other related measures, this volume aims to contribute to a serious reconsideration of public technology procurement from the complementary standpoints of innovation theory and innovation policy.

Economic Models of Tropical Deforestation: A Review

Author : David Kaimowitz
Publisher : CIFOR
ISBN 13 : 979876417X
Total Pages : 153 pages
Book Rating : 4.7/5 (987 download)

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Book Synopsis Economic Models of Tropical Deforestation: A Review by : David Kaimowitz

Download or read book Economic Models of Tropical Deforestation: A Review written by David Kaimowitz and published by CIFOR. This book was released on 1998-01-01 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Types of economic deforestation models. Household and firm-level models. Regional-level models. National and macro-level models. Priority areas for future research.

In Defense of Monopoly

Author : Richard B. McKenzie
Publisher : University of Michigan Press
ISBN 13 : 0472901141
Total Pages : 554 pages
Book Rating : 4.4/5 (729 download)

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Book Synopsis In Defense of Monopoly by : Richard B. McKenzie

Download or read book In Defense of Monopoly written by Richard B. McKenzie and published by University of Michigan Press. This book was released on 2019-02-28 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.

Agricultural Input Subsidies

Author : Ephraim Chirwa
Publisher : Oxford University Press, USA
ISBN 13 : 0199683522
Total Pages : 315 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Agricultural Input Subsidies by : Ephraim Chirwa

Download or read book Agricultural Input Subsidies written by Ephraim Chirwa and published by Oxford University Press, USA. This book was released on 2013-09-26 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes forward our understanding of agricultural input subsidies in low income countries.

A Framework for Assessing Effects of the Food System

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 030930783X
Total Pages : 340 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis A Framework for Assessing Effects of the Food System by : National Research Council

Download or read book A Framework for Assessing Effects of the Food System written by National Research Council and published by National Academies Press. This book was released on 2015-06-17 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: How we produce and consume food has a bigger impact on Americans' well-being than any other human activity. The food industry is the largest sector of our economy; food touches everything from our health to the environment, climate change, economic inequality, and the federal budget. From the earliest developments of agriculture, a major goal has been to attain sufficient foods that provide the energy and the nutrients needed for a healthy, active life. Over time, food production, processing, marketing, and consumption have evolved and become highly complex. The challenges of improving the food system in the 21st century will require systemic approaches that take full account of social, economic, ecological, and evolutionary factors. Policy or business interventions involving a segment of the food system often have consequences beyond the original issue the intervention was meant to address. A Framework for Assessing Effects of the Food System develops an analytical framework for assessing effects associated with the ways in which food is grown, processed, distributed, marketed, retailed, and consumed in the United States. The framework will allow users to recognize effects across the full food system, consider all domains and dimensions of effects, account for systems dynamics and complexities, and choose appropriate methods for analysis. This report provides example applications of the framework based on complex questions that are currently under debate: consumption of a healthy and safe diet, food security, animal welfare, and preserving the environment and its resources. A Framework for Assessing Effects of the Food System describes the U.S. food system and provides a brief history of its evolution into the current system. This report identifies some of the real and potential implications of the current system in terms of its health, environmental, and socioeconomic effects along with a sense for the complexities of the system, potential metrics, and some of the data needs that are required to assess the effects. The overview of the food system and the framework described in this report will be an essential resource for decision makers, researchers, and others to examine the possible impacts of alternative policies or agricultural or food processing practices.

The Economic Theory of Product Differentiation

Author : John Beath
Publisher : Cambridge University Press
ISBN 13 : 9780521335522
Total Pages : 220 pages
Book Rating : 4.3/5 (355 download)

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Book Synopsis The Economic Theory of Product Differentiation by : John Beath

Download or read book The Economic Theory of Product Differentiation written by John Beath and published by Cambridge University Press. This book was released on 1991-02-22 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.

A Market Facilitator's Guide to Participatory Agroenterprise Development

Author : Shaun Ferris
Publisher : Catholic Relief Services
ISBN 13 : 1614920028
Total Pages : 144 pages
Book Rating : 4.6/5 (149 download)

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Book Synopsis A Market Facilitator's Guide to Participatory Agroenterprise Development by : Shaun Ferris

Download or read book A Market Facilitator's Guide to Participatory Agroenterprise Development written by Shaun Ferris and published by Catholic Relief Services. This book was released on 2006-09 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is a product of the experiences and lessons learned while implementing agroenterprise projects in eastern and southern Africa. A Market Facilitator's Guide is based on a resource-to-consumption framework, which is the central theme of the "enabling rural innovation" approach for rural development. This approach seeks to empower farmer groups with the necessary skills to make informed decisions for their economic development, based on an analysis of their surroundings, assets and skills. The methodology also aims for outcomes that are equitable, gender focused and participatory.

A Framework for the Design and Implementation of Competition Law and Policy

Author : R. S. Khemani
Publisher : World Bank Publications
ISBN 13 : 9780821342886
Total Pages : 172 pages
Book Rating : 4.3/5 (428 download)

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Book Synopsis A Framework for the Design and Implementation of Competition Law and Policy by : R. S. Khemani

Download or read book A Framework for the Design and Implementation of Competition Law and Policy written by R. S. Khemani and published by World Bank Publications. This book was released on 1999 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dynamic and competitive environment, underpinned by competition law policy, is an essential characteristic of successful market economies. To satisfy the growing demand for information on current approaches and practices in competition law policy, the project "Framework for the Design and Implementation of Competition Law-Policy" was initiated by the World Bank, with participation by OECD. This ensuing volume reflects the main issues that arise in design and implementation of competition law and policy in order to assist countries in developing an approach that suits their own needs and conditions. The views articulated in this publication suggest that the administration and enforcement of competition law policy should assign the greatest importance to fostering economic efficiency and consumer welfare.