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- Title
COVID-19, Beef Price Spreads, and Market Power.
- Authors
Azzam, Azzeddine; Dhoubhadel, Sunil P.
- Abstract
The unprecedented spike in beef price spreads during the COVID-19-driven packing plant shutdowns prompted calls for investigations into "inappropriate influence" by packers in the beef market during the pandemic disruption. Using weekly data for the January 2010-August 2020 period and designating March-May 2020 as the disruption period, we estimate a structural oligopoly/oligopsony model using the generalized method of moments. We fail to reject the hypothesis of competitive pricing of beef and cattle.
- Subjects
MARKET power; BEEF; PLANT shutdowns; BEEF cattle; COVID-19; BEEF marketing
- Publication
Journal of Agricultural & Resource Economics, 2022, Vol 47, Issue 2, p462
- ISSN
1068-5502
- Publication type
Article
- DOI
10.22004/ag.econ.313309