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The Creation of Dominant Firm Market Power in the Coconut Oil Export Market
Author(s) -
Buschena David E.,
Perloff Jeffrey M.
Publication year - 1991
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242427
Subject(s) - coconut oil , market power , business , agricultural economics , power (physics) , economics , market economy , food science , monopoly , chemistry , physics , quantum mechanics
Econometric results show that prior to the 1970s the Philippine coconut oil export market was competitive but that legal and institutional changes in the early 1970s, which centralized control of the Philippine coconut oil‐refining and exporting industries, allowed the Philippines to exercise some of its potential dominant firm market power.