Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286599 
Year of Publication: 
2021
Citation: 
[Journal:] Annual Review of Resource Economics [ISSN:] 1941-1359 [Volume:] 13 [Publisher:] Annual Reviews [Place:] Palo Alto, CA [Year:] 2021 [Pages:] 85-107
Publisher: 
Annual Reviews, Palo Alto, CA
Abstract: 
Agricultural economists have a long history of emphasizing and analyzing the spatial dimension of agricultural and food markets. Despite a rich body of literature and important contributions to agricultural and spatial economics, one aspect is frequently disregarded: the oligopsonistic nature of agricultural markets due to spatial competition of neighboring buyers of farm products. This review presents the theoretical foundations of spatial pricing, competition, and location in terms of buyer power and discusses concepts that are relevant for agricultural markets. By providing a comprehensive overview of prior work, we highlight the multifaceted areas of applications to agricultural markets. Additionally, we discuss future research avenues for and challenges of the analysis of spatial competition in agricultural economics.
Subjects: 
agricultural markets
spatial competition
buyer market power
spatial price discrimination
spatial differentiation
JEL: 
L13
Q13
R32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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