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Agricultural and Resource Economics

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Azzeddine Azzam

Selected Works

2007

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

Market And Welfare Effects Of The U.S. Livestock Mandatory Reporting Act, Kenneth Njoroge, Amalia Yiannaka, Azzeddine Azzam, Konstantinos Giannakas Dec 2006

Market And Welfare Effects Of The U.S. Livestock Mandatory Reporting Act, Kenneth Njoroge, Amalia Yiannaka, Azzeddine Azzam, Konstantinos Giannakas

Azzeddine Azzam

This paper analyzes the market and welfare effects of the United States Livestock Mandatory Reporting Act enacted in 2001. The act mandates meat packers to report their transactions daily to a government agency and requires the agency to make a summary of those transactions available to the public through the Mandatory Livestock Meat Market News Reports. Considering the case of an imperfect packer cartel that uses trigger price strategies, this paper examines the impact of market information provided by the reports on equilibrium livestock slaughter and the welfare of the groups involved and identifies the determinants of the socially optimal …

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Vertical Economies And The Structure Of U.S. Hog Farms, Azzeddine Azzam, Cari Skinner Dec 2006

Vertical Economies And The Structure Of U.S. Hog Farms, Azzeddine Azzam, Cari Skinner

Azzeddine Azzam

Scale economies are often touted as the factor behind the trend in the structure of the U.S. hog industry toward fewer and larger hog farms. However, since hog production is multistage and farms either integrate or separate the stages, the appropriate measures are multistage economies. In theory, a smaller and, presumably, high-cost operation, by the standards of single stage/output scale economies, may still be cost-competitive if it enjoys multistage economies--that is if vertical scope economies more than offset stage-specific scale diseconomies. Whether that holds in practice remains heretofore unexplored in the agricultural economics literature. Using a unique data set on …

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