Publikationsdatum:
2015-10-31
Beschreibung:
We consider how cost heterogeneity and market power affect voting power in producer referenda for mandatory agricultural marketing organisations with generic promotion programmes in the United States. We measure voting power using the Banzhaf Power Index and propose a new version of this index based on the profit-maximising theory of the firm that provides an improved estimate of voting power. Examining several types of demand shifts and voting rules, we find that both Banzhaf Power and our new measure vary considerably depending on the market structure and level of cost heterogeneity.
Schlagwort(e):
D71 - Social Choice
;
Clubs
;
Committees
;
Associations, D72 - Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior, Q13 - Agricultural Markets and Marketing
;
Cooperatives
;
Agribusiness, Q18 - Agricultural Policy
;
Food Policy
Print ISSN:
0165-1587
Digitale ISSN:
1464-3618
Thema:
Land- und Forstwirtschaft, Gartenbau, Fischereiwirtschaft, Hauswirtschaft
,
Wirtschaftswissenschaften
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