Indirect Damages from Price Fixing: The Alabama Lysine Case

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作者
C. Robert Taylor
机构
[1] Auburn University,Department of Agricultural Economics
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Cost pass-through; indirect damages; lysine; price fixing;
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摘要
Indirect damages to broiler and pork producers fromsupra-competitive pricing of synthetic lysine, whichis an important feed additive, are discussed in thisarticle. Indirect damages occur in fundamentallydifferent ways in the two industries because thebroiler industry is vertically integrated while thepork industry was dominated by independent producersduring the 1992–1995 time period. Pass-through ofhigher lysine prices to hog feed purchasers isdemonstrated with regression analysis of purchasesof a feed premix containing synthetic lysine and aregression analysis of purchases of synthetic lysinefrom feed dealers.
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页码:33 / 43
页数:10
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