Structural Changes and Dairy Chain Efficiency in Italy

Franco Rosa, Robert D. Weaver, Michela Vasciaveo

Research output: Contribution to journalArticlepeer-review

Abstract

The dairy chain in Italy experienced substantial structural changes during the past years. Since the introduction of milk quotas in 1984, structural changes caused by consistent reduction of dairy farms, growing brand concentration at wholesale level, and diffusion of private labels at retail level may have altered the competitive market conditions, with increasing price asymmetry and inefficiencies in price transmission. We tested this hypothesis using the McCorriston and Sheldon’s successive oligopoly model, and we gave evidences of altered price transmission and consumer’s surplus distribution along the vertical chain in the examined period.

Original languageEnglish (US)
Pages (from-to)191-211
Number of pages21
JournalInternational Journal on Food System Dynamics
Volume6
Issue number3
DOIs
StatePublished - 2015

All Science Journal Classification (ASJC) codes

  • Food Science
  • Business and International Management
  • Geography, Planning and Development
  • Environmental Science (miscellaneous)
  • Transportation
  • Economics, Econometrics and Finance (miscellaneous)
  • Management Science and Operations Research

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