Author:
Taylor Timothy G.,Kilmer Richard L.
Abstract
AbstractThe pricing behavior of the Florida celery industry under the current federal marketing order was examined by analyzing the implied market structure of the industry using a model proposed by Appelbaum. Point estimates of the oligopoly power index suggest that some degree of price enhancement above that which would be characterized by a perfectly competitive market may have occurred. However, the bulk of statistical evidence suggests that the departure from marginal cost pricing implied by the industry's pricing behavior is not statistically significant.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Reference22 articles.
1. A Model of Weekly Price Discovery for Florida Celery: Comment
2. Taylor T.G. , and Wilkowske G.H. . “Costs and Returns from Vegetable Crops in Florida, Season 1981-82 with Comparisons.” Food and Resource Economics Department Economics Information Report No. 186, University of Florida, July 1983.
Cited by
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