Does Vertical Integration Effect Market Power? Evidence from U.S. Food Manufacturing Industries
Journal of Agricultural and Applied Economics, Apr 2005 by Bhuyan, Sanjib
Sexton, RJ. "Industrialization and Consolidation in the U.S. Food sector: Implications for Competition and Welfare." American Journal of Agricultural Economics 82(2000): 1087-04.
Shepherd, W.G. The Economics of Industrial Organization: Analysis, Markets, Policies, 4th ed., Upper Saddle River, NJ: Prentice Hall, 1997.
Shepherd, W.G., and J.M. Shepherd. The Economics of Industrial Organization. 5th ed.. Long Grove, IL: Waveland Press, 2004.
U.S. Department of Commerce. The 1992 Benchmark Input-Output Accounts of the United States. Washington, DC: U.S. Department of Commerce, Bureau of Economic Analysis, 1998.
_____. The 1992 Census of Manufacturers, Industry Series (final series). Washington, DC: U.S. Department of Commerce, Bureau of Economic Analysis, 1997.
Wann, J.J., and R. Sexton. "Imperfect Competition in Multiproduct Food Industries with Application to Pear Processing." Competitive Strategy Analysis in the Food System. R. Cotterill, ed., pp. 71-90. Westview Press: Boulder, CO, 1993.
Williamson, O.E. "The Economics of Antitrust: Transaction Cost Considerations." University of Pennsylvania Law Review 122(1974): 1439-96. Also see his work in later years.
Sanjib Bhuyan is associate professor, Department of Agricultural, Food & Resource Economics, Rutgers University, New Brunswick, NJ.
The author thanks Jebaraj Asirvatham and Dr. Benjamin Onyango for their assistance in data collection and professors Richard Sexton, Azzaddine Azzam, Gary Thompson, Susan Huffman, two anonymous referees, and the editor of this journal for their invaluable comments and insights. The usual disclaimers apply. This manuscript contributes to the NJAES project 02141.
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