THE EFFECTS OF THE MICRO-MARKET STRUCTURE ON ILLINOIS ELEVATOR SPATIAL CORN PRICE DIFFERENTIALS

Vista sencilla de ítem
dc.creatorWenzel, Benjamin P.
dc.creatorHill, Lowell D.
dc.creatorGarcia, Philip
dc.date2017-04-01T19:51:30Z
dc.date.accessioned2026-07-09T03:25:59Z
dc.descriptionCorn price differentials among Illinois elevators can often exceed transportation costs. Using primary data, we examine the effects of micro-market structure variables on the differentials in bids prices offered by Illinois elevators. Our findings suggest the existence of a highly developed, responsive market of competing firms, operating in an industry that can be characterized by monopsonistic competition, and to some extent by seasonally induced market power. Local supply conditions, firm productive efficiency, and their operating practices influence price differentials. Further, firm type, final market destination of the grain, and period of the marketing year affect price differentials.
dc.identifierdoi:10.22004/ag.econ.18927
dc.identifierhttps://ageconsearch.umn.edu/record/18927/files/cp00we01.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/18927
dc.identifier.urihttp://hdl.handle.net/123456789/532457
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/18927
dc.titleTHE EFFECTS OF THE MICRO-MARKET STRUCTURE ON ILLINOIS ELEVATOR SPATIAL CORN PRICE DIFFERENTIALS
dc.typeText

Archivos

Colecciones

University of Minnesota