Abstract
This study aims to examine the intense competition in the Saudi Arabian rice market. The inverse residual demand meth-ods, as proposed by Reed & Saghaian (2004), were estimated using 2SLS for rice exporters to Saudi Arabia during the period 1993-2014. After testing the model for various specifications, it was found that Australia, India, and Pakistan had market power in the Saudi market, while Egypt faced a perfectly elastic demand curve. India had the highest rice mark up and Australia had the lowest. We found Thailand and the US had positive inverse residual demand elasticity, which means no market power.
| Original language | English |
|---|---|
| Pages (from-to) | 275-281 |
| Number of pages | 7 |
| Journal | Bulgarian Journal of Agricultural Science |
| Volume | 26 |
| Issue number | 2 |
| State | Published - 2020 |
Bibliographical note
Publisher Copyright:© 2020, Agricultural Academy, Bulgaria. All rights reserved.
Keywords
- Elasticity
- Inverse residual demand
- Lerner index
- Rice
ASJC Scopus subject areas
- General Veterinary
- General Agricultural and Biological Sciences