DOES THE EXISTENCE OF MARKET POWER AFFECT MARKETING LOAN PROGRAMS?
| dc.creator | Revoredo-Giha, Cesar | |
| dc.creator | Fletcher, Stanley M. | |
| dc.date | 2017-04-01T14:49:57Z | |
| dc.date.accessioned | 2026-07-09T03:38:52Z | |
| dc.description | The paper analyzes the effects that a demand with oligopsonistic power may have on the operation of a marketing loan program (especially on the program cost). We measure these effects using a model for the US peanut market where evidence indicates that the demand is highly concentrated. Our results show that the USDA strategy of keeping a repayment rate above the market-clearing price set by the demand is not a sustainable strategy, since the demand can follow a hand-to-mouth strategy, postponing its purchases of peanuts, letting USDA accumulate stocks and forcing it to reduce the price. | |
| dc.identifier | doi:10.22004/ag.econ.22241 | |
| dc.identifier | https://ageconsearch.umn.edu/record/22241/files/sp03re03.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/22241 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/537391 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/22241 | |
| dc.title | DOES THE EXISTENCE OF MARKET POWER AFFECT MARKETING LOAN PROGRAMS? | |
| dc.type | Text |