The Persistence of Profitability among Firms in the Food Economy |
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| Authors: | Sara K Schumacher Michael A Boland |
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| Institution: | Sara Schumacher is former visiting assistant professor of agricultural economics and currently is Controller for Conduit Internet Technologies in State College, Pennsylvania. Michael Boland is associate professor of agricultural economics at Kansas State University. |
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| Abstract: | The persistence of industry, firm-specific, and corporate-parent effects on firm profitability in the food economy are calculated and further analyzed within its four major sectors: food processing, wholesale grocery, retail supermarket, and restaurant. Profits are more persistent within an industry than within a corporation. The retail supermarket sector has had stable profits as has individual retail supermarket firms relative to the other three sectors. |
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| Keywords: | food industrial organization market structure |
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