Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2142818
Oligopoly in grain production and consumption: an empirical study on soybean international trade in China
Jinling Yan
Yongjie Xue
Congna Quan
Bo Wang
Yanan Zhang
Sažetak
What has been neglected in much of the existing studies of the influence
of seasonal and regional characteristics of agriculture on the
market power and national security. This paper constructs a multivariate
equations model to investigate the monopoly power of seasonal
suppliers and national security in China’s soybean market. The
results show no relationship between market share and monopoly
power; and that CR3 and HHI show China’s soybean import market
has been the highest oligopoly type, but the model suggest that
exporters (the U.S., Brazil and Argentina) have very weak monopoly
power and China has no monopsony power; and that the performance
of some exporters’ soybeans is affected by others, while others
are relatively independent in market. This is due to the non-substitutability
of the product, the non-substitutability of the buyer and the
seller, etc., which causes the mutual dependence of the seller and
buyer, and their market power cancel each other out. The seasonality
and regionality of soybean production is the root. Considering
national security, it is necessary to take the seasonal and regional
characteristics of exporters into account to disperse trade risks and
oppose monopolisation of international food production and trade
Ključne riječi
Oligopoly; market structure and market power; international trade; soybeans; agricultural products; China
Hrčak ID:
306790
URI
Datum izdavanja:
30.4.2023.
Posjeta: 175 *