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

Lajos Zoltán Bakucs, Imre Fertő, Heinrich Hockmann, Oleksandr Perekhozhuk

Published: 18.11.2009  〉 Jahrgang 58 (2009), Heft 8  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

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.
CONTACT AUTHOR
PROF. DR. HEINRICH HOCKMANN
Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO)
Theodor-Lieser-Str. 2, 06120 Halle (Saale), Germany
phone: +(49)-345-29 28 225, fax: +(49)-345-29 28 299
e-mail: hockmann@iamo.de
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