Power imbalances in the Belgian sugar beet market: employing systems thinking for a supply chain analysis

According to the theory of Industrial Organization market power is determined by the structure of the market. From a particular structure, market agents’ conduct and performance can be inferred. This relationship is called the Structure-Conduct-Performance (SCP) paradigm. However, due to certain shortcomings, this paradigm is dismissed and substituted by the approach of the New Industrial Organization (NEIO). While the amendments of NEIO are valuable, this paper expands on the importance of structure for the occurrence of market power issues. Systems thinking emphasizes the relevance of struct... Mehr ...