This paper examines the impact of firms’ conduct on market structure.
Prices for seasonal food products fall at demand peaks. Price declines are not driven by falling agricultural input prices; indeed, farm to retail margins narrow sharply.
Theory suggests R&D intensity and acquisition activity may be either directly or inversely related.
The model explains the emergence of asymmetric productive structures among regions based on adoption of a quality improving technology.
Industrial organization theory has explored several issues related to licensing, but empirical analyses are extremely rare.
