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Three Essays On The Economics Of Vertical And Spatial Relationships In Specialty Crop Supply Chains: Co2 Emission Policies, Price Transmission And Market Power
dc.contributor.author | Lee, Jun | en_US |
dc.date.accessioned | 2013-01-31T19:44:05Z | |
dc.date.available | 2017-12-20T07:00:30Z | |
dc.date.issued | 2012-08-20 | en_US |
dc.identifier.other | bibid: 7959787 | |
dc.identifier.uri | https://hdl.handle.net/1813/31058 | |
dc.description.abstract | This dissertation offers three essays addressing critical topics in supply chains for specialty crops: 1) impacts of initiatives to control CO2 emissions; 2) vertical price transmission behavioral changes after elimination of an export cartel; and 3) influence of market power on cost passthrough. Chapter 1 investigates the impact of alternative CO2 emission reduction policies, namely a carbon tax and a cap-and-trade system, on the U.S. apple supply chain. The potential benefits accruing to farm-level CO2 sequestration options are also considered. A temporally- and spatially-disaggregated price equilibrium model is constructed to evaluate the relationship between CO2 emissions reduction and region- and sector-wide economic performance. The results indicate that all CO2 emission policies examined lead to modest decreases in CO2 emissions from the apple supply chain, with implied carbon prices ranging between $25 and $200 per metric ton of CO2. The results also suggest that a cap-and-trade system may be more cost-effective in reducing CO2 emissions than a carbon tax, regardless of the CO2 sequestration options utilized. Chapter 2 examines the impact of terminating the coffee export quota system (EQS) on international-to-retail price transmissions in France, Germany and the United States. A threshold error correction model (TECM) is developed to measure price transmission behaviors, taking into account long-run threshold effects and short-run price transmission asymmetries (PTA). The results suggest that retail prices become more responsive to changes in international prices after the EQS elimination. The evidence suggests the presence of short-run PTAs, with significant differences across countries. We discuss these differences in terms of market structure. Chapter 3 investigates links between exertion of market power and cost pass-through patterns in roasted coffee markets in the U.S. and Germany. A structural supply-demand model is developed to evaluate the degree of market power exerted by the roasting industry. Subsequently, a TECM is used to test the impacts of market power on cost pass-through behaviors. The results indicate that market power drives the existence of a "rockets and feathers" phenomenon in both countries. That is, market power causes retail prices to rise faster than they fall in response to changes in international prices. | en_US |
dc.language.iso | en_US | en_US |
dc.subject | CO2 Emission Policies | en_US |
dc.subject | Price Transmission | en_US |
dc.subject | Cost Pass-Through | en_US |
dc.subject | Market Power | en_US |
dc.title | Three Essays On The Economics Of Vertical And Spatial Relationships In Specialty Crop Supply Chains: Co2 Emission Policies, Price Transmission And Market Power | en_US |
dc.type | dissertation or thesis | en_US |
thesis.degree.discipline | Agricultural Economics | |
thesis.degree.grantor | Cornell University | en_US |
thesis.degree.level | Doctor of Philosophy | |
thesis.degree.name | Ph. D., Agricultural Economics | |
dc.contributor.chair | Gomez, Miguel I. | en_US |
dc.contributor.committeeMember | Gao, Huaizhu | en_US |
dc.contributor.committeeMember | Bento, Antonio Miguel R. | en_US |
dc.contributor.committeeMember | Kaiser, Harry Mason | en_US |