Do subsidies cause a less competitive milk market in China
Do subsidies cause a less competitive milk market in China
复制标题
补贴是否导致中国牛奶市场竞争力下降
DOI：
10.1111/agec.12485
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发表时间：
2019
影响因子：
4.1
通讯作者：
Xiaohua Yu
中科院分区：
文献类型：
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作者：
Yuquan Chen;Xiaohua Yu
2008年以后，中国乳制品行业经历了一次政府支持的整合，主要是出于食品安全的考虑。补贴是形成集中市场的工具之一，其目标是降低监管成本和实现质量控制。这引起了人们的严重担忧，即补贴将导致乳制品行业竞争力下降。我们构建了一个参数模型，并使用企业层面的面板数据，特别是前八名乳制品企业，来检验政府补贴是否增强了乳制品行业的市场力量。我们的实证结果表明，在控制广告、时间趋势和所有制因素后，政府补贴对顶级私营企业的勒纳指数有负面影响，但对国家控股企业没有显着影响。补贴有可能为私营企业提供更多扩大规模或压低价格的空间，最终削弱市场力量，让下游乳制品客户受益。
After 2008, China dairy industry has experienced a consolidation supported by the government mainly for the reason of food safety. Subsidies.are one of the tools to shape a concentrated market with goals of reducing regulation cost and accomplishing quality control. This gives a serious.concern that subsidies would generate a less competitive dairy industry. We construct a parametric model and use the firm-level panel data,.specifically the top eight dairy firms, to test if government subsidies strengthen the market power in the dairy industry. Our empirical results indicate.government subsidies have a negative impact on the Lerner index for the top privately owned firms, but no significant effect on state-controlled.ones after controlling for advertising, time trend, and proprietorship. It is possible that the subsidies give more room for private firms to increase.the scale or suppress the price, which eventually reduces the market power and benefits dairy customers in the downstream.