Abstract
AbstractScherer's industrial organization model is modified to characterize the grain marketing system. The modified model identifies the important relationships between economic characteristics and the type of grain facilities found in three states; Alabama, Illinois, and Ohio. Multivariate linear discriminant analysis is used to identify the important basic supply, demand, and transportation variables within and among these states. It is concluded that the structural differences among selected grain marketing regions can be explained by regional differences in basic supply, demand, and transportation variables. The findings suggest that Scherer's industrial organization model can be adapted to explain the diverse structure of the grain marketing system in selected states.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
