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Article
Market Transparency and Market Structure: The Livestock Mandatory Reporting Act of 1999
American Journal of Agricultural Economics (2003)
  • Azzeddine Azzam, University of Nebraska-Lincoln
Abstract

The premise of the Livestock Mandatory Reporting Act of 1999 is that enhanced transparency promotes competition. This article provides a theoretical study of the consequences of such transparency for the structure, conduct, and performance of the livestock industry. I conclude that the usefulness of the Act to the livestock industry may not be in the value of reported information to feeders, as the supporters of the Act claim. Rather, by forcing packers to pool information at negligible marginal cost, the Act may foster more competitive conduct in the procurement of livestock.

Publication Date
2003
Citation Information
Azzeddine Azzam. "Market Transparency and Market Structure: The Livestock Mandatory Reporting Act of 1999" American Journal of Agricultural Economics Vol. 85 (2003)
Available at: http://works.bepress.com/azzeddine_azzam/7/