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• W2258858129 abstract "While local food production plays an increasingly prominent role in U.S. agriculture, there is growing concern about over saturation. Using a national data set, we identify locational attributes that are conducive to the establishment of direct-marketing operations and assess competitive behavior. Our model links firm-entry decisions to market size using reduced-form profit functions,which are characterized by the cost of agricultural land and demand variables. We find significant heterogeneity in the required population to support direct-marketing entrants and show that markets become perfectly competitive upon entry of the third direct-marketing establishment, with heterogeneous market potential for new entrants" @default.
• W2258858129 created "2016-06-24" @default.
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• W2258858129 date "2015-01-01" @default.
• W2258858129 modified "2023-09-23" @default.
• W2258858129 title "Competition in Local Food Markets" @default.
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• W2258858129 doi "https://doi.org/10.22004/ag.econ.287980" @default.
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