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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 ...
Essays on estimating market power exertion in the U.S. beef packing industry
(2020-05)
The first essay discusses the aggregation bias issue in estimating the degree of market power for agricultural and food industries and explores ways to improve the conjectural elasticity estimates using proper aggregation ...