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Book part
Publication date: 30 June 2017

Bruce Muirhead

The chapter will document the Canadian reaction, as reflected in the demand of New Zealand, that Canada fundamentally alters its dairy supply management system in order to…

Abstract

The chapter will document the Canadian reaction, as reflected in the demand of New Zealand, that Canada fundamentally alters its dairy supply management system in order to participate in the Trans-Pacific Partnership negotiations. The Canadian government has resolutely refused to do so, supported wholeheartedly by dairy farmers throughout the country. This is in part because of the effect such an action would have on rural spaces and the debilitating result it would have on Canadian dairy production. As well, the chapter will address the issue of the cost of dairy products in New Zealand as compared with Canada. Part of this analysis will focus on the role of supermarkets in determining the price structure of milk in both Canada and New Zealand. Finally, the chapter will offer an examination of the New Zealand system as represented by Fonterra and the Canadian system as epitomized by dairy supply management.

Abstract

Many jurisdictions fine illegal cartels using penalty guidelines that presume an arbitrary 10% overcharge. This article surveys more than 700 published economic studies and judicial decisions that contain 2,041 quantitative estimates of overcharges of hard-core cartels. The primary findings are: (1) the median average long-run overcharge for all types of cartels over all time periods is 23.0%; (2) the mean average is at least 49%; (3) overcharges reached their zenith in 1891–1945 and have trended downward ever since; (4) 6% of the cartel episodes are zero; (5) median overcharges of international-membership cartels are 38% higher than those of domestic cartels; (6) convicted cartels are on average 19% more effective at raising prices as unpunished cartels; (7) bid-rigging conduct displays 25% lower markups than price-fixing cartels; (8) contemporary cartels targeted by class actions have higher overcharges; and (9) when cartels operate at peak effectiveness, price changes are 60–80% higher than the whole episode. Historical penalty guidelines aimed at optimally deterring cartels are likely to be too low.

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The Law and Economics of Class Actions
Type: Book
ISBN: 978-1-78350-951-5

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Book part
Publication date: 19 September 2006

Egil Petter Stræte and Terry Marsden

Within the agri-food sectors of Western countries, there is an increasing interest in alternative food, i.e., organic, local and regional food, artisanal food, short-supply…

Abstract

Within the agri-food sectors of Western countries, there is an increasing interest in alternative food, i.e., organic, local and regional food, artisanal food, short-supply chains, slow food etc. Innovation in food processing is a significant element both in alternative food and conventional food strategies. Alternatives are based on competition on qualities rather than price. A main question in this chapter is to address how alternative qualities are embedded into food products? This question is explored using a study of two alternative cases within the dairy sectors of Norway and Wales. A model of the different modes of designed qualities of food is developed and discussed to explore the complex issue of quality. We find space and technology especially relevant as dimensions of qualities. Our conclusion is that there is a need to nuance the discussion about quality and food. Firms may develop as hybrids within a conventional vs. alternative perspective, and a strong emphasis on the conventional and alternative as a dichotomy tends to give a static and restrictive perspective.

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Between the Local and the Global
Type: Book
ISBN: 978-1-84950-417-1

Book part
Publication date: 11 April 2012

Bruce Muirhead and Hugh Campbell

Purpose – This study compares the historical evolution of two particular models of dairy policy: supply management in Canada and deregulated cooperative monopolisation in New…

Abstract

Purpose – This study compares the historical evolution of two particular models of dairy policy: supply management in Canada and deregulated cooperative monopolisation in New Zealand.

Design/methodology/approach – Both cases draw on historical sources and other secondary data.

Findings – Despite national adherence to neoliberalism and global trade reform, both Canada and New Zealand have arguably developed dairy sectors that are operating according to unique local dynamics and with vastly different outcomes. The result is a model in Canada which is potentially more resilient to future shocks than the New Zealand model.

Originality/value – By identifying the contradictory outcomes of local dairy policy development within a neoliberalist context, the chapter is able to explore the potential resilience of each sector in a way that hasn't been achieved before.

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Rethinking Agricultural Policy Regimes: Food Security, Climate Change and the Future Resilience of Global Agriculture
Type: Book
ISBN: 978-1-78052-349-1

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Book part
Publication date: 11 June 2021

Reda Emir Rebbah and Ahmed Beloucif

Trading soft commodities has become increasingly challenging with less liquidity in the market, making it very risky and even more costly. Ongoing geopolitical instability…

Abstract

Trading soft commodities has become increasingly challenging with less liquidity in the market, making it very risky and even more costly. Ongoing geopolitical instability, climate change, complex supply chain and fluctuation in demand and supply resulted in a continued price volatility and market uncertainty. Soft commodity trading businesses are under an increasing pressure to adapt to political, economic and social changes. Therefore, this study explores the relationship between brokers and their buyers in the Algerian soft commodities market, with a particular focus on cereals (wheat) products. This study is based on the analysis of secondary data collected from various sources and anecdotal evidences from brokers of soft commodities in Algeria. The overall strategy of Algeria is to limit its reliance on imports. However, political dysfunction coupled with economic instability appears to discourage domestic and foreign investment and inhibit the development of this soft commodities sector. The brokerage firms of soft commodities (wheat, oils, milk powder, rice, coffee, etc.) are operating in a niche market within an environment of intense competition and highly demanding buyers. The striking success of the brokerage function depends on a close relationship formed between the actors (broker, seller and buyer).

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Enterprise and Economic Development in Africa
Type: Book
ISBN: 978-1-80071-323-9

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Book part
Publication date: 8 April 2005

Magnar Forbord

In every industry there are resources. Some are moving, others more fixed; some are technical, others social. People working with the resources, for example, as buyers or sellers…

Abstract

In every industry there are resources. Some are moving, others more fixed; some are technical, others social. People working with the resources, for example, as buyers or sellers, or users or producers, may not make much notice of them. A product sells. A facility functions. The business relationship in which we make our money has “always” been there. However, some times this picture of order is disturbed. A user having purchased a product for decades may “suddenly” say to the producer that s/he does not appreciate the product. And a producer having received an order of a product that s/he thought was well known, may find it impossible to sell it. Such disturbances may be ignored. Or they can be used as a platform for development. In this study we investigate the latter option, theoretically and through real world data. Concerning theory we draw on the industrial network approach. We see industrial actors as part of (industrial) networks. In their activities actors use and produce resources. Moreover, the actors interact − bilaterally and multilaterally. This leads to development of resources and networks. Through “thick” descriptions of two cases we illustrate and try to understand the interactive character of resource development and how actors do business on features of resources. The cases are about a certain type of resource, a product − goat milk. The main message to industrial actors is that they should pay attention to that products can be co-created. Successful co-creation of products, moreover, may require development also of business relationships and their connections (“networking”).

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Managing Product Innovation
Type: Book
ISBN: 978-1-84950-311-2

Content available
Book part
Publication date: 30 July 2018

Abstract

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Marketing Management in Turkey
Type: Book
ISBN: 978-1-78714-558-0

Book part
Publication date: 27 August 2014

Damian Tago, Henrik Andersson and Nicolas Treich

This study contributes to the understanding of the health effects of pesticides exposure and of how pesticides have been and should be regulated.

Abstract

Purpose

This study contributes to the understanding of the health effects of pesticides exposure and of how pesticides have been and should be regulated.

Design/methodology/approach

This study presents literature reviews for the period 2000–2013 on (i) the health effects of pesticides and on (ii) preference valuation of health risks related to pesticides, as well as a discussion of the role of benefit-cost analysis applied to pesticide regulatory measures.

Findings

This study indicates that the health literature has focused on individuals with direct exposure to pesticides, i.e. farmers, while the literature on preference valuation has focused on those with indirect exposure, i.e. consumers. The discussion highlights the need to clarify the rationale for regulating pesticides, the role of risk perceptions in benefit-cost analysis, and the importance of inter-disciplinary research in this area.

Originality/value

This study relates findings of different disciplines (health, economics, public policy) regarding pesticides, and identifies gaps for future research.

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Preference Measurement in Health
Type: Book
ISBN: 978-1-78441-029-2

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Book part
Publication date: 11 April 2012

Bruce Muirhead and Reidar Almås

Purpose – This chapter elucidates the post–Second World War development of Western agricultural policy. It focuses primarily on the influence that the European Union and the…

Abstract

Purpose – This chapter elucidates the post–Second World War development of Western agricultural policy. It focuses primarily on the influence that the European Union and the United States have had on global policy evolution.

Design/methodology/approach – The chapter draws on historical sources and other secondary data.

Findings – The chapter documents how agriculture was never seen as a sector commes les autres. Agricultural exceptionalism became practice, never falling easily under the rubric of those organisations, like the General Agreement on Tariffs and Trade or the World Trade Organization, that were designed to reduce impediments to trade. As a result, trade in agricultural goods even today remains tightly controlled by national governments, seen most clearly with the EU's Common Agricultural Policy. Further, the chapter documents the rise of productivism in the West, where the search for ever more, and cheaper, calories provided the rationale that bigger is better – bigger farms, bigger machinery, more technology inputs into agriculture, but fewer people working them, and fewer farms, which leads to questions about their sustainability and resilience in an era of climate change. The chapter ends with an acknowledgement of a changed world – where Brazil, China and India exert more influence in international trade negotiations, including those relating to agriculture. Their differing agenda in this area helps to explain, in part, the wreckage of the Doha Round of the WTO.

Originality/value – By identifying the main lines of post-1945 Western agricultural policy, the chapter provides context into which the authors contributing to this volume are able to place their chapters. The chapter also addresses a lacuna in the literature in that it deals with the entire sweep of post-war Western agricultural policy in a way that makes it accessible to the reader.

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Rethinking Agricultural Policy Regimes: Food Security, Climate Change and the Future Resilience of Global Agriculture
Type: Book
ISBN: 978-1-78052-349-1

Keywords

Book part
Publication date: 2 September 2019

Lisa Suckert

Moralized markets are economic markets in which moral aspects are explicitly used to legitimize decisions. Companies involved in such markets have to cope simultaneously with…

Abstract

Moralized markets are economic markets in which moral aspects are explicitly used to legitimize decisions. Companies involved in such markets have to cope simultaneously with opposing logics: While they strive for economic growth, their existence is bound to their moral integrity, too. This chapter investigates how ecopreneurs manage this inherent conflict of moralized markets. Based on interviews, documentary analysis and sample purchases, an empirical case study highlights the example of well-renowned ecopreneurial dairies distributing their milk via ecologically disreputable discount stores. By looking into the related struggle between moral and economic expectations, the chapter sheds light on one particular coping strategy: The tacit creation and maintenance of separate fields for moral and economic logics. This strategy of fragmentation is referred to as ‘double game.’ The study emanates from competing logics approaches to hybrid organizations by adopting a field theoretical, Bourdieusian perspective. Its explicit focus on opposing logics and on coping strategies that go beyond reconciliation opens up new perspectives for both sustainability and organization studies.

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The Contested Moralities of Markets
Type: Book
ISBN: 978-1-78769-120-9

Keywords

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