Vertical integration as a factor of competitiveness of agriculture
Vertical integration within agricultural and food sector is one of the decisive factors influencing market structure and competitiveness of agriculture. There are two groups of motives for vertical integration. Motive of efficiency is based on the effort to minimise production cost or transaction co...
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| Format: | Article |
| Language: | English |
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Czech Academy of Agricultural Sciences
2003-11-01
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| Series: | Agricultural Economics (AGRICECON) |
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| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-200311-0003_vertical-integration-as-a-factor-of-competitiveness-of-agriculture.php |
| _version_ | 1797897385603497984 |
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| author | L. Grega |
| author_facet | L. Grega |
| author_sort | L. Grega |
| collection | DOAJ |
| description | Vertical integration within agricultural and food sector is one of the decisive factors influencing market structure and competitiveness of agriculture. There are two groups of motives for vertical integration. Motive of efficiency is based on the effort to minimise production cost or transaction cost. Market power is not solely the result of horizontal expansion, but if variable inputs are considered, vertical integration may contribute to market power and so to growing share in consumer price. The article analyses and methodologically specifies these motives for vertical integration and determines possibilities of quantification of the effects of vertical integration. |
| first_indexed | 2024-04-10T07:56:40Z |
| format | Article |
| id | doaj.art-aa09c07797b0461f9883497e2ffca599 |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-10T07:56:40Z |
| publishDate | 2003-11-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-aa09c07797b0461f9883497e2ffca5992023-02-23T03:54:29ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952003-11-01491152052510.17221/5441-AGRICECONage-200311-0003Vertical integration as a factor of competitiveness of agricultureL. Grega0Mendel University of Agriculture and Forestry Brno, Faculty of Business and Economics, Czech RepublicVertical integration within agricultural and food sector is one of the decisive factors influencing market structure and competitiveness of agriculture. There are two groups of motives for vertical integration. Motive of efficiency is based on the effort to minimise production cost or transaction cost. Market power is not solely the result of horizontal expansion, but if variable inputs are considered, vertical integration may contribute to market power and so to growing share in consumer price. The article analyses and methodologically specifies these motives for vertical integration and determines possibilities of quantification of the effects of vertical integration.https://agricecon.agriculturejournals.cz/artkey/age-200311-0003_vertical-integration-as-a-factor-of-competitiveness-of-agriculture.phpvertical integrationcompetitiveness of agriculturemarket structure |
| spellingShingle | L. Grega Vertical integration as a factor of competitiveness of agriculture Agricultural Economics (AGRICECON) vertical integration competitiveness of agriculture market structure |
| title | Vertical integration as a factor of competitiveness of agriculture |
| title_full | Vertical integration as a factor of competitiveness of agriculture |
| title_fullStr | Vertical integration as a factor of competitiveness of agriculture |
| title_full_unstemmed | Vertical integration as a factor of competitiveness of agriculture |
| title_short | Vertical integration as a factor of competitiveness of agriculture |
| title_sort | vertical integration as a factor of competitiveness of agriculture |
| topic | vertical integration competitiveness of agriculture market structure |
| url | https://agricecon.agriculturejournals.cz/artkey/age-200311-0003_vertical-integration-as-a-factor-of-competitiveness-of-agriculture.php |
| work_keys_str_mv | AT lgrega verticalintegrationasafactorofcompetitivenessofagriculture |