Agricultural Economics, 2013 (vol. 59), issue 8

Price and location equilibria in a circular market: a pure vs a mixed duopsony with a co-operativeOriginal Paper

Panos FOUSEKIS, Dimitrios PANAGIOTOU

Agric. Econ. - Czech, 2013, 59(8):341-347 | DOI: 10.17221/129/2012-AGRICECON  

The objective of the present paper is to analyze the location-price competition in circular markets where the power lies with the buyers. To this end, it considers two alternative market structures. Namely, the pure ones, where the buyers of a primary commodity are private firms, and mixed ones, where a private firm competes against a producer's co-operative. According to the results, the pure-strategy location equilibrium in both cases involves a distance between the two players larger or equal to 1/4. Nevertheless, the equilibriums are qualitatively different. In the pure duopsony, a large distance is required to prevent a price war while in the...

Segmentation of Czech consumers as for their relationship to organic foodsOriginal Paper

Jan KOUDELKA

Agric. Econ. - Czech, 2013, 59(8):348-360 | DOI: 10.17221/15/2013-AGRICECON  

Products of organic agriculture have gained a significant attention among consumers. It creates a visible impact also on the products of conventional agriculture. This leads to the necessity to apply target marketing at the food resp. organic food markets. The objective of this article is to explore the possible approaches to the process of market segmentation at these consumer markets. The data of the Market & Media & Lifestyle were used. Variables of food consumer behaviour and lifestyle were especially selected. Three lines of market segmentation were inferred from the basic conceptual approaches: a priori segmentation, post hoc segmentation...

The Italian olive oil industry in the global competitive scenarioOriginal Paper

Eugenio POMARICI, Riccardo VECCHIO

Agric. Econ. - Czech, 2013, 59(8):361-372 | DOI: 10.17221/8/2013-AGRICECON  

The current paper analyzes the reasons behind the difficulties of the Italian olive oil industry to compete in the world markets. The analysis highlights that these complexities can be related with two core factors: stagnant demand in the main producer/consumer countries and strong competition arising from the Spanish olive oil industry increasingly involved also in processing and trade. In addition, these weakness factors are boosted by the market power exerted by large retail chains that are now the main channel in which olive oil is retailed in the domestic market.

Determining fluctuations and cycles of corn price in IranOriginal Paper

Behzad FAKARI, Mohammad Mehdi FARSI, Mostafa KOJOURI

Agric. Econ. - Czech, 2013, 59(8):373-380 | DOI: 10.17221/141/2012-AGRICECON  

Corn is the third important agricultural product. It is an important input in the poultry production and the basic elements of edible oil, starch, glucose, and raw material in industrial production of ethanol and some other products. The aim of this study is to find strategies to avoid price volatility, hence, the harmonic method has been used to investigate the corn price cycle and the GARCH model has been used to investigate its fluctuation. The harmonic method results showed long-term cycles in the period of 21 months in analyzing the period and the GARCH model result indicated that the corn price fluctuations causes more fluctuations in the corn...

Measurement of productive efficiency of tomato growers in Peshawar, PakistanOriginal Paper

Himayatullah KHAN, Farman ALI

Agric. Econ. - Czech, 2013, 59(8):381-388 | DOI: 10.17221/107/2012-AGRICECON  

The present paper estimates the technical, allocative and economic efficiency of tomato growers. The study was conducted in two villages, namely, Tarnab and Akbarpura of the District Peshawar, the Khyber Pakhtunkhwa province, Pakistan. The data were collected by conducting a farm level survey of 300 tomato growers in the study area. The findings show that there was a big gap between the maximum and minimum technical efficiency indices, with an average technical efficiency index of 66%. There was also a huge gap between the highest and the lowest index of allocative efficiency of tomato growers. Economic efficiency indices also varied significantly....