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A Stochastic Frontier Analysis Approach for Estimating Market Power in the Major US Meat Export Markets

  • Dimitrios PanagiotouEmail author
  • Athanassios Stavrakoudis
Article
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Abstract

The present study estimates the degree of market power in the major US beef and pork export destinations. The recently developed stochastic frontier (SF) estimator is used. Estimations of market and time-specific Lerner indices are provided. Balanced panel data between 1980 and 2011 were employed. The average Lerner index is 39% for the US beef exports and is the highest in the markets of ASEAN, Hong Kong/China, Japan, South Korea, and Taiwan. For the US pork exports, the average Lerner index is 16% and is the highest in the markets of Mexico and Taiwan.

Keywords

Stochastic frontier Market power U.S. meat exports 

JEL Classification

D21 L22 L66 
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Notes

Supplementary material

10842_2019_319_MOESM1_ESM.pdf (87 kb)
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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of IoanninaIoanninaGreece

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