Game theory application to Fed Cattle pr
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Jared G. Carlberg; Robert J. Hogan Jr.; Clement E. Ward
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Article
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2009
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John Wiley and Sons
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English
⚖ 155 KB
## Abstract Consolidation in meatpacking has elicited many market power concerns and studies. A noncooperative, infinitely repeated game theory model was developed and an empirical model estimated to measure beef packing firm behavior in cattle procurement. Experimental market data from three semes