Oligopsony power in agricultural market: the case of the Lithuanian raw milk market

Autor:	Andrej Jedik, Aldona Stalgienė
Rok vydání:	2015
Předmět:	business.industry Lithuanian Raw milk language.human_language Power (social and political) Product (business) Agricultural science Empirical research Commerce Agriculture Oligopsony language Business Market power
Zdroj:	Management Theory and Studies for Rural Business and Infrastructure Development. 37:114-121
ISSN:	2345-0355 1822-6760
DOI:	10.15544/mts.2015.11
Popis:	As the milk in Lithuania produces by a lot of milk producers, who sell their product to several customers (several large dairy processors), a hypothesis appears, that Lithuanian raw milk sector is oligopsonic. In this case, the price is not determined by the product producer, but by the buyers. This situation is typical for many agricultural products in food supply chain. This study aims to determine the market power of the Lithuanian milk processing industry on the market of raw milk. An empirical analysis is based on the New Empirical Industrial Organization (NEIO) market power models. Empirical research has showed that there was an oligopsony (0.28) in the Lithuanian raw milk market. JEL codes: C10, D21, D43, L10, L66.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7f0e6b9ce013bbde9010d0d007aa7dc6 https://doi.org/10.15544/mts.2015.11 Zobrazit plný text záznamu