Delineating the Relevant U.S. Sweetener Markets
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| 024 | 7 | 0 | |a 10.2202/1542-0485.1031 |2 doi |
| 035 | |a (NATIONALLICENCE)gruyter-10.2202/1542-0485.1031 | ||
| 245 | 0 | 0 | |a Delineating the Relevant U.S. Sweetener Markets |h [Elektronische Daten] |c [Charles B. Moss, Andrew Schmitz] |
| 520 | 3 | |a The relevant market in the U.S. sweetener complex was a subject of debate in the United States v. Archer-Daniels Midland, Co. & Nabisco court case, in which the defendants successfully argued that price fixing in the non-sugar sweetener market was impossible because sugar and high fructose corn syrup (HFCS) were substitutes. Hence, they were both part of the so-called relevant market. We use cointegration analysis to show that over a large period of time, sugar prices and HFCS were positively correlated. However, focusing only on the time period 1997 through 2001, sugar and HFCS prices are not correlated. This lack of correlation in the later period implies that beginning in 1997, the relevant market for HFCS does not include sugar. Thus questions are continuingly raised as to the competitiveness of the HFCS industry. | |
| 540 | |a ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston | ||
| 690 | 7 | |a relevant market |2 nationallicence | |
| 690 | 7 | |a HFCS |2 nationallicence | |
| 690 | 7 | |a cointegration |2 nationallicence | |
| 700 | 1 | |a Moss |D Charles B. |u Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA |4 aut | |
| 700 | 1 | |a Schmitz |D Andrew |u Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA |4 aut | |
| 773 | 0 | |t Journal of Agricultural & Food Industrial Organization |d De Gruyter |g 2/1(2004-01-23) |q 2:1 |1 2004 |2 2 |o jafio | |
| 856 | 4 | 0 | |u https://doi.org/10.2202/1542-0485.1031 |q text/html |z Onlinezugriff via DOI |
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| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.2202/1542-0485.1031 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Moss |D Charles B. |u Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Schmitz |D Andrew |u Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, Florida, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Journal of Agricultural & Food Industrial Organization |d De Gruyter |g 2/1(2004-01-23) |q 2:1 |1 2004 |2 2 |o jafio | ||
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