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http://dx.doi.org/10.5762/KAIS.2020.21.6.238

An Analysis of Relationship between Market Structure and Efficiency in Agricultural Products Wholesale Market  

Kim, Hyo-Mi (Korea Institute of Distribution Innovation)
Kim, Yoon-Doo (Division of International Business, Konkuk University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.21, no.6, 2020 , pp. 238-245 More about this Journal
Abstract
The objective of this study was to analyze the market structure of the Garak Agricultural Products Wholesale Market, which has the greatest influence among agricultural products wholesale markets and plays a key role in domestic agricultural products distribution. In addition, through analysis of the management efficiency of the wholesale market corporation, which is a major distributor of the Garak Market, the connection relationship between the market structure of the Garak Market and the management efficiency of the wholesale market corporation was able to be identified. From 2007 to 2018, it was found that the market structure of Garak Market was a monopoly. In addition, the average production efficiency of the five wholesale market corporations was 0.95, indicating that the wholesale market corporation in Garak Market has an efficient production structure with high output compared to input. Therefore, in order to activate the agricultural products wholesale market and protect the rights of producers and consumers based on the analysis results, it is necessary to implement a policy that can establish a competition system among agricultural products wholesale market distributors.
Keywords
Agricultural Products Wholesale Market; Market Structure; Panzar-Rosse; H-Statistic; Efficiency; Stochastic Frontier Analysis;
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