The ICARE - International Center for Agribusiness Research and Education
invites you to participate in a training on
Market Concentration and Market Power in Food Industries
INSTRUCTOR
Dr. Vardges Hovhannisyan
Assistant Professor of Agricultural and Applied Economics, University of Wyoming Laramie, WY, United States, vhovhann@uwyo.edu
DATES & TIME
The 3-day training will take place on July 5, 6, and 7.
18:30 - 20:30, Yerevan time (this includes a coffee break). For details, see agenda below.
WORKING LANGUAGE
English
TRAINING DESCRIPTION
The major objective of this course is to establish the relationship between market concentration and firm market power (the ability to profitably set price above marginal cost) in food industries. In doing so it draws heavily on the existing empirical studies on Industrial Organization. This course will further briefly describe and compare the various techniques for estimating market power, and the effects of rising market concentration on food prices. Several example studies will be presented in each section to illustrate the use of the econometric techniques.
TARGET AUDIENCE
Business professionals, researchers, current students
TRAINING METHOD
Lectures and practice examples
EXPECTED OUTCOMES
At the end of the training, the trainees will have a basic understanding of firm market power and implications thereof in food industries. They will also be able to identify market power-related issues and problems and will be exposed to econometric techniques that can be used to analyze market power.
AGENDA
Day 1
- Training Overview, Learning Objectives, and Outcomes
- Market concentration and market power
- How to measure market concentration (Lerner Index)
- What is market power, and what proxies are used to measure market power
- Consequences of rising market power in food industries
- The relationship between market concentration and firm market power
Day 2
- Market structure, firm behavior and market power
- Example studies on measuring the effects of market structure on firm behavior and market power
Day 3
- Recent methods for analyzing market power
- New Empirical Industrial Organization (NEIO), Example studies\
- Most recent developments in estimating market power, Example studies
- Panel data techniques for evaluating market power, Example studies
TRAINING FEE
The training is free of charge. Upon successful completion of the training, the participants will be awarded a certificate of participation. To qualify for the certificate, participants must be present in all the sessions.
REGISTRATION AND DEADLINES
If interested, please register for the training by filling out the registration form (in English).
(the link is available in online versions of this announcement on ICARE Web and FB pages) and email it to the ICARE Administrative Assistant Mrs. Arpine Arakelyan at arparakelyan@gmail.com. Registration deadline is July 3, 24:00. Due to limited seating only shortlisted applicants will be notified for participation. A notification on screening results will be sent to all candidates by July 4, 18:00.
CONTACTS
If you have questions, please contact Mrs. Aprine Arakelyan at arparakelyan@gmail.com, or call at 098 106-105.