Teaching and Educational Methods
Teaching Competition Topics: Applications of Seller Market Power in Agricultural Industries
Yuliya V. Bolotova
Clemson University
JEL Codes: L11, L22, Q11, Q13
Keywords: Agricultural marketing, competition, peanut industry, potato industry, seller market power
Publish Date: September 30, 2019
Volume 1, Issue 2
View Full Article (PDF) | Request Teaching Notes/Supplemental Materials
Abstract
The article presents a simple theoretical framework that can be used to explain conduct and performance of agricultural industries and seller market power in these industries. The framework components include a linear inverse demand function, a constant marginal cost function, and a set of measures of costs, revenue, and profit. The theoretical framework is consistent with agricultural supply and price cycle, and the decision-making process of agricultural producers. The theoretical framework is used to develop applications for the U.S. peanut and potato industries represented by two problem sets provided in the teaching note, which also includes four sets of assessment questions. The article discusses implementation and practical applications of the proposed teaching activity. The target audience includes students taking undergraduate courses in agricultural economics and agribusiness programs as well as extension and outreach audiences.
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Valuing College Graduate Attributes and Skills: Employer Willingness to Pay as Elicited through Design Valuation
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An Authentic Learning Approach to Group Assignments: An Analysis of Student Attitudes
Roger Brown, Na Zuo, Jordan Shockley, and Steven Buck
Teaching Competition Topics: Applications of Seller Market Power in Agricultural Industries
Yuliya V. Bolotova
The Project Manager / Private Contractor Approach to Group Assignments
Roger Brown, Na Zuo, Jordan Shockley, and Steven Buck