The Competitiveness of Agricultural Product and Input Markets: A Review and Synthesis of Recent Research

Sheldon, Ian M.

doi:10.1017/aae.2016.29

Cited by 53 publications

(59 citation statements)

References 115 publications

(230 reference statements)

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“…Our review gives a general overview of some of the most important emerging issues in the ongoing academic debate about power in agrifood markets. We acknowledge that this review is limited in scope and does not cover all the different emerging research topics and issues regarding market/bargaining power in the agrifood sectors; some of these (not an exhaustive list) include food safety and liability rules (see Boutouis et al, , this special issue); asymmetric price transmission (see the reviews by McCorriston, ; Sheldon, ); more thorough discussions regarding countervailing power and collective action in agriculture (Courtois & Subervie, ; Mérel, Saitone, & Sexton, ); and the links between governance and power (Ménard, ). Still, this review may prove useful to those readers who are interested in getting familiar with the general debate surrounding “power” in the agrifood sector.…”

Section: Discussionmentioning

confidence: 99%

“…The analysis of market power by food retailers, along with related antitrust issues, is discussed elsewhere in the literature (e.g., Cotterill, ; Dobson, Clarke, Davies, & Waterson, ). Because other reviews cover analysis of vertical relationships in food markets (Sheldon, ; Sheldon & Sperling, ), we focus here on specific issues related to the exertion of power by food retailers through nonlinear pricing practices.…”

Section: Re‐assessing Power Along Agrifood Chainsmentioning

confidence: 99%

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Market power and bargaining in agrifood markets: A review of emerging topics and tools

2017

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Recent developments in modern agri-food markets have called into question the predictive capability of the traditional models and tools used by agricultural economists to assess and measure market power. As a result, agricultural economists are on a quest for novel methods and approaches that surpass the traditional market power construct. In this article, we present an essential overview of the evolution of the literature concerning power relationships in agrifood value chains. The goal of this review is to emphasize recent conceptual and empirical approaches, as well as highlight topics of interest that are likely to shape the direction of future analyses of market power and bargaining in the agrifood sector. [EconLit citations: L1,

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Section: Discussionmentioning

confidence: 99%

Section: Re‐assessing Power Along Agrifood Chainsmentioning

confidence: 99%

Market power and bargaining in agrifood markets: A review of emerging topics and tools

2017

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“…A profile with turnover indexes, additional value and employment was developed for these branches. The scientific papers by I. M. Sheldon (2017) [11] examine the issues of the necessity to increase competitiveness of agricultural products and improve the functioning of product markets.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Competitive advantages of wholesale markets of agricultural products as a type of entrepreneurial activity: the experience of Ukraine and Poland

Бойко¹,

Kwiliński²,

Misiuk³

et al. 2019

EA-XXI

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Wholesale markets of agricultural products are an important element of marketing infrastructure, and institutions at agrarian market make it possible to manage sales of bulk batches of agricultural products. The purpose of the research is to substantiate competitive advantages of wholesale markets as a type of entrepreneurial activity and benefits of the country from building a network of wholesale markets of agricultural products in Ukraine, as well as to examine and generalise the experience of the functioning of wholesale food markets in Poland. The research methods are abstract logical (theoretical generalisation of the research and substantiation of the conclusions), comparative (analysis of the current state of the development of wholesale markets of agricultural products in both Ukraine and Poland). The paper substantiates competitive advantages of wholesale markets, distinguishes the main directions of the relative activity and describes the country's benefits relating to building a network of wholesale markets of agricultural products in Ukraine. The main advantages of the functioning of wholesale markets are the quality of food products, price control, better budgeting, increasing competition at the consumer market, fast promotion of products to consumers and creation of new jobs. The study looks into the positive experience of the functioning of wholesale food markets in Poland. Based on the obtained results we draw a conclusion about the expediency of building a network of wholesale food markets as an important premise ensuring economic security of commodity producers and meeting the demand of consumers for high-quality food products.

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“…Consolidation and vertical integration in these industries has been driven by cost efficiency, risk management, and technological innovation. A consequence of this transformation has been increased market concentration in the processing and retail food industries (Adjemian et al, 2016;Sheldon, 2017).…”

Section: Introductionmentioning

confidence: 99%

Competitive forces affecting capacity decisions of South Dakota feedlot operations

Fausti

Diersen

2020

Agricultural Economics

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A strategic management framework for the analysis of small and medium size firm behavior within a fragmented industry structure is developed. This literature predicts falling profits in the long run will drive out less efficient firms as the industry consolidates. This literature also predicts successful firms will engage in value-added production and/or adopt a cost reduction strategy to gain a competitive advantage through the development of niche markets. This framework is applied to the feedlot industry in South Dakota. A survey was conducted to collect feedlot operator responses on future capacity decisions. Empirical analysis identified linkages between future capacity decisions and competitive forces hypothesized in the agricultural management literature, which are responsible for driving consolidation in the U.S. feedlot industry. The survey also collected information on value-added production and management practices. These data were used to test the "niche market" hypotheses discussed in the strategic management literature. The analysis provides evidence that firms that engage in value-added practices have a lower probability of indicating they will decrease the capacity of their feedlot. K E Y W O R D Sbeef feedlots, competitive forces, fragmented industry, industry consolidation, value-based marketing

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The Competitiveness of Agricultural Product and Input Markets: A Review and Synthesis of Recent Research

Cited by 53 publications

References 115 publications

Market power and bargaining in agrifood markets: A review of emerging topics and tools

Market power and bargaining in agrifood markets: A review of emerging topics and tools

Competitive advantages of wholesale markets of agricultural products as a type of entrepreneurial activity: the experience of Ukraine and Poland

Competitive forces affecting capacity decisions of South Dakota feedlot operations

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