Work

Competitive Analysis and Market Power of China’s Soybean Import Market

Year: 2009

Type: article

Abstract: This research conducts a competitive structure analysis of the Chinese soybean import market which leads to the hypothesis that China’s soybean importers may have stronger market power in China’s soybean import market. Then, this research develops and simultaneously estimates a two-country partial equilibrium trade model to test U.S.-China market power of soybean trade. The empirical result supports our hypothesis that Chinese soybean importers have stronger market power relative to U.S. soybean exporters. This Chinese market power can be countered by U.S. and South American companies through developing new and expanding existing markets for soybeans throughout the world and investing in Chinese soybean storage and crushing capacity.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.53744

Authors: Song, Baohui, Marchant, Mary A., Reed, Michael R., Xu, Shuang

Institutions: California State University, Chico, Virginia Tech, University of Kentucky

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funders: U.S. Department of Agriculture, Cooperative State Research, Education, and Extension Service

OpenAlex ID: W2147818984