THE IMPACTS OF MARKET POWER AND EXCHANGE RATES ON PRICES OF EUROPEAN UNION SOYBEAN IMPORTS..

Abstract

This study examines whether the EU, the world's largest importer, exercises market power over soybean imports. Results, based on 1975-2000 data, suggest that the EU has practiced price discrimination against imports from Argentina and Brazil. The evidence for the practice of pricing-to-market based on exchange rate changes is mixed