Market power in the European dairy industry

Artikel

The paper presents an analysis of market power in the output milk-processing market. In particular, the paper identifies market failures in the output milk-processing market in 24 EU member states. The analysis is based on a mark-up model and the application of stochastic frontier methodology. The results show that market failures are pronounced on the EU output milk-processing market. However, the abuse of oligopoly market power is not large on average, despite the fact that we can find significant differences among the countries. The mark-up distribution is skewed toward lower values. That is, the majority of companies are characterized by only a small or almost no degree of market power; however, there are companies (about 10 %) with considerably high oligopoly market power.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Agris on-line Papers in Economics and Informatics ; ISSN: 1804-1930 ; Volume: 7 ; Year: 2015 ; Issue: 4 ; Pages: 39-47 ; Prag: Czech University of Life Sciences Prague

Classification and Topics

• Classification: Wirtschaft
• Subject: milk ; market power ; oligopoly ; SFA ; European Union ; mléko ; tržní síla ; oligopol ; Evropská unie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Cechura, Lukas ; Žáková Kroupová, Zdenka ; Hockmann, Heinrich
• Event: Veröffentlichung
• (who): Czech University of Life Sciences Prague
• (where): Prag
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/251799
• Last update: 10.03.2025, 11:44 AM CET