A Worrisome Crop?

7 Pages Posted: 22 Jan 2011

See all articles by Nicholas Kalaitzandonakes

Nicholas Kalaitzandonakes

University of Missouri at Columbia - Department of Economics

Douglas J. Miller

University of Missouri at Columbia - Department of Economics

Alexandre Magnier

affiliation not provided to SSRN

Date Written: January 20, 2011

Abstract

Research-and-development-driven industries tend to be concentrated, and the U.S. seed industry is no exception. Concerns about the presence and use of market power in such industries are not rare since products are differentiated. The balance between firm profits and investments in product quality and innovation is an important indicator of dynamic efficiency in the marketplace — and probably a more effective gauge of competition in dynamic and innovative industries. Empirical analysis contained in this article suggests that the U.S. seed industry experiences moderate market power but also dynamic market efficiency.

Suggested Citation

Kalaitzandonakes, Nicholas and Miller, Douglas J. and Magnier, Alexandre, A Worrisome Crop? (January 20, 2011). Regulation, Vol. 33, No. 4, 2010, Available at SSRN: https://ssrn.com/abstract=1744322

Nicholas Kalaitzandonakes (Contact Author)

University of Missouri at Columbia - Department of Economics ( email )

118 Professional Building
Columbia, MO 65211
United States

Douglas J. Miller

University of Missouri at Columbia - Department of Economics ( email )

118 Professional Building
Columbia, MO 65211
United States

Alexandre Magnier

affiliation not provided to SSRN ( email )

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