Factors That Affect Bargaining Outcome : Evidence from Class I Milk Price in the US Raw Milk markets

• 발행기관: 한국농식품정책학회
• 저자명: Byeng Il Ahn
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 34권 4호, 850~864쪽, 전체 15쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2007.12.31

영문 초록

This paper models and investigates the factors that affect bargaining outcomes in the US raw milk markets with observed evidence of bargaining between dairy cooperatives and milk bottlers. Reduced form of price and mark-up equations under bargaining are derived and estimated empirically in this paper. It is showed that the over-order premium that is the outcome of bargaining between diary cooperatives and milk bottlers is positively correlated with the demand shifters that move demand curve upwards whereas negatively correlated with the demand shifters that move demand curve downwards. The estimation results in this paper suggest that the rise in the opportunity costs gives less incentive to make efforts in the bargaining.

목차

Abstract

I. Introduction

II. Price Setting Mechanism and Over Order Premiums in the US Raw Milk Markets

III. Conceptual Framework

IV. Empirical implementation

V. Summary and Conclusions

References

키워드

Bargaining Raw Milk Market Minimum Price Dairy Cooperatives Milk Bottlers