MEASURING THE DEGREE OF MARKET POWER AMONG BROAD BEAN EXPORTERS TO EGYPT

EID N. FAYSAL¹, AYMAN A. SHELABY²*
¹Department of Agricultural Economics, Faculty of Agriculture, Fayoum University, 63514, Fayoum, Egypt
²Department of Agricultural Economics, Faculty of Agriculture, Fayoum University, 63514, Fayoum, Egypt
* Corresponding Author : ayman.shelaby@fayoum.edu.eg

Received : 17-09-2017     Accepted : 24-09-2017     Published : 30-09-2017
Volume : 9     Issue : 45       Pages : 4747 - 4752
Int J Agr Sci 9.45 (2017):4747-4752

Keywords : Market power, Competitiveness, Residual demand, Egypt, Bean
Academic Editor : Dr Renu Agrawal
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Department of Agricultural Economics, Faculty of Agriculture, Fayoum University, 63514, Fayoum, Egypt
Author Contribution : All author equally contributed

Market power of exporting countries into a specific market is an important issue for decision makers within that market. It is also an important issue for exporting countries since it can be related to the ability of the country to increase its access to the market. Competitiveness indicators including; comparative advantage, market share, market penetration rate, instability coefficient of exports, competitiveness of export price, competitiveness of production, relative price, and relative stability of production in addition to residual demand model are used to measure the perfect competition conditions in the market and, accordingly, measure the market power of the different competitors. Australia, France, and UK are the more competitive exporting countries of Broad Bean to Egypt. However, China is a promising exporter with low prices and stable production.

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