Tomatoes, technology, and oligopsony
Conference
·
OSTI ID:5651801
This paper draws on the theory of monopsony and oligopsony to develop an empirical test for the presence of the same in the situation where an exogenous shock on the relevant market may be observed. An application of this test is demonstrated for the tomato-processing industry, where the exogenous shock is created by the introduction of mechanical-harvesting technology. The results are remarkably consistent with oligopsonistic dominant firm-price leadership, and statistical tests suggest rejection of the null hypothesis of competition.
- Research Organization:
- Oak Ridge National Lab., TN (USA); Brigham Young Univ., Provo, UT (USA)
- DOE Contract Number:
- W-7405-ENG-26
- OSTI ID:
- 5651801
- Report Number(s):
- CONF-800215-1
- Resource Relation:
- Conference: Atlantic Economic Society annual meeting, Freeport, Bahamas, 10 Feb 1980
- Country of Publication:
- United States
- Language:
- English
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