The effect of buyer concentration on pri
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Phil Simmons; Phillip Hansen
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Article
📅
1997
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John Wiley and Sons
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English
⚖ 82 KB
👁 2 views
A theoretical model of the wool market that distinguishes between large and small buyers is developed. The model forecasts that "large" buyers with a cost advantage will increase grower prices providing there is competition from a periphery of small, relatively high cost buyers. Econometric estimate