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Measuring The Effect Of Cold Storage, Captive Supply, And Concentration On The Marketing Margin In The U.S. Pork Industry, Yuhang Liu

Open Access Theses

This study investigates the implication of key decision variables at the control of processing firms in a concentrated industry. Succinctly, the decisions examined affect the firm's ability to buffer short run supply and demand fluctuations through storage and access to an alternative source of specialized inputs essential to production. What makes them different in the context of this research is a focus on high-throughput processing plants where capacity utilization can result in cost efficiencies and a high degree of market concentration where adjustments in quantity demanded of the specialized input can affect its price and where adjustments in the quantity …