Artikel

Russian market power in international wheat exports: Evidence from a residual demand elasticity analysis

Russia has emerged as a major wheat exporter since the beginning of the 2000s, and today, it possesses high market shares in several wheat-importing countries in the Middle East and North African region. This has raised concerns that Russia might abuse its dominant market position by pricing above marginal cost. Using a novel dataset with weekly information on Russian wheat exports, we apply the residual demand elasticity method to analyze the pricing behavior of Russia in its two most important export markets, i. e. Egypt and Turkey. Our estimation results reveal that Russia behaves competitively in Egypt while it exerts market power in Turkey with an estimated mark-up of 13.5 %.

Sprache
Englisch

Erschienen in
Journal: Journal of Agricultural & Food Industrial Organization ; ISSN: 1542-0485 ; Volume: 17 ; Year: 2019 ; Issue: 2 ; Pages: 1-13 ; Berlin [u.a.]: De Gruyter

Klassifikation
Wirtschaft
Thema
Russian wheat exports
market power
residual demand elasticity approach

Ereignis
Geistige Schöpfung
(wer)
Uhl, Kerstin Marit
Perekhozhuk, Oleksandr
Glauben, Thomas
Ereignis
Veröffentlichung
(wer)
De Gruyter
(wo)
Berlin [u.a.]
(wann)
2019

DOI
doi:10.1515/jafio-2016-0026
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Uhl, Kerstin Marit
  • Perekhozhuk, Oleksandr
  • Glauben, Thomas
  • De Gruyter

Entstanden

  • 2019

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