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Three essays on market power in the U.S. cattle procurement market
(2011-05)
This study consists of three essays. The first essay tests the causality between captive supply and cash market price in the U.S. cattle procurement market. Three causality tests, the Granger test, the Sims test, and the ...
Measuring bilateral market power between processors and retailers: An application to the U.S. beef industry
(2013-12)
The U.S. agricultural food processing and retailing industries have become increasingly concentrated. Therefore, numerous studies have investigated the impact of changes in market structures. This paper examines the ...