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L10Oct09.306 - Lecture 10 Farm-Retail Margin Model...

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Lecture 10: Farm-Retail Margin Model; Applications FRE 306
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S f S r D r D f P r P f Q Farm-Retail Margin Model: Illustration of increase in market power of processor S’ r P r P f Q
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Lec 10: Farm-Retail Margin Model, Applications Farm Retail P Model: applications What happens to (a) retail p, (b) farm p, (c) post- farm gate margins, under following conditions? Technological change at farm level? Technological change in transportation? Technological change at processing? Increased monopoly at retail? Lower costs of imports? Increased monopoly at farm level? What other problems can this model explain? How do these results differ w/ free trade?
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Lec 10: Farm-Retail Margin Model, Applications S f S r D r D f P r P f Q Farm-Retail Margin Model
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Lec 10: Farm-Retail Margin Model, Applications More notes re Farm-Retail P Model Supply curve: Shows the incremental cost of adding an additional unit of output; these are marginal costs , not sunk costs Introducing a monopoly at (e.g.,) the processor level is
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