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Market Power Estimation In The Chilean Cattle Market, Rodirgo A. Vasquez Panizza
Market Power Estimation In The Chilean Cattle Market, Rodirgo A. Vasquez Panizza
Open Access Theses
The cattle market in Chile is constituted by cattle slaughtering firms and farmers; the industry demands cattle but also demands beef imports. Based in antecedents of market concentration in this sector, I make a system of equations model based on the NEIO approach to determine market power for the period April 1993 - December 2008. The results show that there is no market power in the aggregated market as well as in the disaggregated market by sex and age type, which is explained because the special features of this market in Chile.