Master of Science / Department of Agricultural Economics / Michael W. Woolverton / Globally, the majority of countries now use genetically modified (GM) soybeans to produce oil and meal for livestock and human consumption. Japan, however, uses only Non-GM soybeans for direct human consumption of which more than 80% are imported from the U.S., Canada, and China. This research used the inverse residual demand model to estimate a two-country partial equilibrium trade model to test the existence of market power in the Japanese Non-GM soybean import market. The two-country partial equilibrium trade model incorporated the U.S. residual Non-GM soybean supply for Japan, the Japanese residual demand for U.S. Non-GM soybeans, and the equilibrium condition, where the U.S. residual Non-GM soybean supply equals the Japanese residual Non-GM soybean demand. Monthly data from January 2003 to December 2007 were used for the analysis. Empirical results indicated that U.S. Non-GM soybean exporters have stronger market power than Japanese Non-GM soybean importers. The results also indicate that Japanese consumers are willing to pay higher prices for soybeans, tofu, natto, miso, and other all soy food products.
| Identifer | oai:union.ndltd.org:KSU/oai:krex.k-state.edu:2097/827 |
| Date | January 1900 |
| Creators | Yamaura, Koichi |
| Publisher | Kansas State University |
| Source Sets | K-State Research Exchange |
| Language | en_US |
| Detected Language | English |
| Type | Thesis |
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