Imperfect Competition and Strategic Trade Theory: Evidence for International Food and Agricultural Markets
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Jeffrey J Reimer
Strategic trade theory offers a way of conceptualizing and testing for strategic government interventions in imperfectly competitive international markets. This survey critically assesses recent empirical evidence, with a focus on food and agricultural markets. One finding is that while many international markets are characterized by oligopoly, price-cost markups tend to be small, and the potential gains from intervention are modest at best. In turn, empirical work has turned up few examples in which government intervention has been optimal in a strategic trade sense. Nonetheless, governments are found to frequently intervene on behalf of domestic firms and play a major role in shaping the nature of international competition. Suggestions for future research are made.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- Ensuring a Safe Food Supply: The Importance of Heterogeneity
- Less Choice is Better, Sometimes
- Choices of Marketing Outlets by Organic Producers: Accounting for Selectivity Effects
- Effects of Sales on Brand Loyalty
- Imperfect Competition and Strategic Trade Theory: Evidence for International Food and Agricultural Markets
- Market Power and European Competition in the Swedish Food Industry
- Market Segmentation Analysis of Preferences for GM Derived Animal Foods in the UK
- Proving Anti-Competitive Conduct in the U.S. Courtroom: Economic Issues with the Courts' Opinions in Pickett v. Tyson Fresh Meats, Inc.
Articles in the same Issue
- Article
- Strategic Labeling and Trade of GMOs
- Ensuring a Safe Food Supply: The Importance of Heterogeneity
- Less Choice is Better, Sometimes
- Choices of Marketing Outlets by Organic Producers: Accounting for Selectivity Effects
- Effects of Sales on Brand Loyalty
- Imperfect Competition and Strategic Trade Theory: Evidence for International Food and Agricultural Markets
- Market Power and European Competition in the Swedish Food Industry
- Market Segmentation Analysis of Preferences for GM Derived Animal Foods in the UK
- Proving Anti-Competitive Conduct in the U.S. Courtroom: Economic Issues with the Courts' Opinions in Pickett v. Tyson Fresh Meats, Inc.
