Export Market Pricing Decisions and Market Power in World Grain Markets: A Duopoly Model for Soybeans

This study investigates export pricing decisions and market power for soybeans using a duopoly model. The results from the pricing-to-market approach and residual demand elasticity approach show the soybean export markets are competitive. The continuous increase in world demand results in a positive relationship between export prices and volumes. Replaced with new version of paper 2/13/07