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The effect of BSE on the pricing behaviour of the Canadian cattle slaughtering industry /

The closure of the US border to Canadian live cattle and beef products after the confirmation of a single Canadian BSE case in May, 2003 seriously jeopardized the Canadian beef cattle industry, which had relied heavily on exports. The inventory of cattle rapidly increased and farmers were paid record low prices for live cattle. But at the same time, the cattle slaughtering industry experienced a substantial increase in profits. The enlarged price spread between the value of live cattle and beef steak raised concerns about oligopsony market power in the live cattle market. This thesis investigates the hypothesis that the Canadian slaughtering industry exercised this market power in the months following the discovery of BSE. Two models, the conjectural variation model from the New Empirical Industrial Organization and an asymmetric price transmission model were used and the results from both models do not support the hypothesis of oligopsony market power.

Identiferoai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.101695
Date January 2006
CreatorsXu, Xiaoqiong, 1982-
PublisherMcGill University
Source SetsLibrary and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada
LanguageEnglish
Detected LanguageEnglish
TypeElectronic Thesis or Dissertation
Formatapplication/pdf
CoverageMaster of Science (Department of Natural Resource Sciences.)
Rights© Xiaoqiong Xu, 2006
Relationalephsysno: 002592762, proquestno: AAIMR32808, Theses scanned by UMI/ProQuest.

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