New Empirical Industrial Organization and the Food System

The new empirical industrial organization (NEIO) is a pioneering framework developed by economists to measure the degree of competitiveness of economic sectors. The primary contribution of NEIO is the generalization of perfect-competition and monopoly models to intermediate imperfect-competition models that can be empirically estimated. This framework has been applied to many sectors to provide policymakers dealing with antitrust issues with empirical evidence of market power throughout the marketing channel. This is the first book to provide a detailed, systematic overview of NEIO. The authors present a comprehensive synopsis of the theory and application of NEIO as well as selected case studies to the food sector.

Autorentext

The Editors: Harry M. Kaiser received his Ph.D. in applied economics from the University of Minnesota. He is Professor of Applied Economics at Cornell University and Associate Editor of Agribusiness: An International Journal. Dr. Kaiser has written over eighty scholarly journal articles, three books, and numerous book chapters, and is a former editor of Agricultural and Resource Economics Review and a former associate editor of the American Journal of Agricultural Economics. Dr. Kaiser has received over $5.5 million in research grants in the areas of agricultural marketing, quantitative methods, industrial organization, and policy. In 2002 he received the distinguished member award from the Northeastern Association of Agricultural and Resource Economics, and he is currently the president of that association as well as a former executive board director of the American Association of Agricultural Economics. Nobuhiro Suzuki received his Ph.D. in agricultural economics from the University of Tokyo. He is Professor of Agricultural Economics at Kyushu University, a member of the editorial board of Agribusiness: An International Journal, and a former editor-in-chief of Japanese Journal of Agricultural Economics. Dr. Suzuki has written over 60 scholarly journal articles, seven books, and many book chapters in the areas of agricultural policy, marketing, empirical industrial organization, and quantitative methods. He received the distinguished article and book awards from the Japanese Association of Agricultural Economics in 1995 and 2002, respectively.

Inhalt

Contents: N. Suzuki/H.M. Kaiser: New Empirical Industrial Organization Theories and Their Application to Food System Analyses - N. Suzuki/ H.M. Kaiser/J.E. Lenz/O.D. Forker: An Analysis of U.S. Dairy Policy Deregulation Using an Imperfect-Competition Model - N. Suzuki/H.M. Kaiser/J.E. Lenz/K. Kobayashi/O.D. Forker: Evaluating Generic Milk Promotion Effectiveness with an Imperfect-Competition Model - D.J. Liu/C-H. Sun/H.M. Kaiser: Market Conduct under Government Price Intervention in the U.S. Dairy Industry - S. Bhuyan/R.A. Lopez: Oligopoly Power and Allocative Efficiency in U.S. Food and Tobacco Industries - A.M. Azzam/E.Pagoulatos: Testing Oligopolistic and Oligopsonistic Behavior: An Application to the U.S. Meat-Packing Industry - R.J. Sexton/M. Zhang: An Assessment of the Impact of Food-Industry Market Power on U.S. Consumers - J.R. Schroeter/A.M. Azzam/M. Zhang: Measuring Market Power in Bilateral Oligopoly: The Wholesale Market for Beef - T. Kawaguchi/N. Suzuki/H.M. Kaiser: A Spatial-Equilibrium Model for Imperfectly Competitive Milk Markets - L.S. Karp/J.M. Perloff: A Dynamic Model of Oligopoly in the Coffee Export Market - J. Kinoshita/N. Suzuki/H.M. Kaiser: Explaining Pricing Conduct in a Product-Differentiated Oligopolistic Market: An Empirical Application of a Price Conjectural-Variations Model - R.W. Cotterill/W.P. Putsis, Jr.: Market Share and Price-Setting Behavior for Private Labels and National Brands - A.L. Tiffin/P.J. Dawson: Measuring Oligopolistic Distortion in the U.K. Frozen-Potato-Product Sector: A Calibration Modeling Approach - H.M. Kaiser/N.Suzuki: New Empirical Industrial Organization and the Food System: Summary.