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 %.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Agricultural & Food Industrial Organization ; ISSN: 1542-0485 ; Volume: 17 ; Year: 2019 ; Issue: 2 ; Pages: 1-13 ; Berlin [u.a.]: De Gruyter
- Classification
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Wirtschaft
- Subject
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Russian wheat exports
market power
residual demand elasticity approach
- Event
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Geistige Schöpfung
- (who)
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Uhl, Kerstin Marit
Perekhozhuk, Oleksandr
Glauben, Thomas
- Event
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Veröffentlichung
- (who)
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De Gruyter
- (where)
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Berlin [u.a.]
- (when)
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2019
- DOI
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doi:10.1515/jafio-2016-0026
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Uhl, Kerstin Marit
- Perekhozhuk, Oleksandr
- Glauben, Thomas
- De Gruyter
Time of origin
- 2019
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