Environmental Regulation, Market Power and Price Discrimination in the Agricultural Chemical Industry



Table 3: Montana and Alberta Agricultural Chemical: Prices and Price
Differences Adjusted for Differences in Formulations)

Chemical

Firms

Units

U.S.

Price
(US $)

Canadian
Price
(US $)

Price Difference
(U.S. Price -
Canada Price)
(US $)

T-test
Value

Percentage
Price
DifferenceA

Mirage and

Roundup Original

Generic/

Monsanto

gallon

20.94

21.68

-0.74

-0.65

-3.5%

LV 6 and 2, 4-D

Ester LV 600

Several

gallon

19.36

23.22

-3.86 b

-7.15

-19.9%

Amine 4 and 2,4-D

Amine 500

Several/

Generic

gallon

12.16

15.05

- 2.89 b

-13.71

-23.8%

Clarity and Banvel

II

BASF

gallon

93.47

96.85

- 3.38 b

- 3.26

-3.6%

Ally XP and Ally
Toss and Go

DuPont

ounce

23.27

37.37

-14.10b

-37.09

-60.6%

Warrior (Zeon)
and Matador 120
EC

Syngenta

gallon

282.76

361.54

-78.78 b

-21.68

-27.9%

Touchdown and

Touchdown Iq

Syngenta

gallon

31.28

23.22

8.06 b

6.17

25.8%

Bronate Advanced
and Buctril M

Bayer

gallon

59.43

44.94

14.49 b

15.56

24.4%

Achieve SC and
Achieve Liquid

Syngenta

gallon

220.85

208.37

12.48 b

3.79

5.7%

Discover and

Horizon 240 EC

Syngenta

gallon

496.37

448.31

48.06 b

7.45

9.7%

Everest and

Everest

Arvesta/Bayer

ounce

23.45

17.50

5.95 b

16.80

25.4%

Puma 1EC and
Puma 120 Super

Bayer/Aventis

gallon

181.33

128.97

52.36 b

22.54

28.9%

Express XP and
Express Toss and
Go

DuPont

ounce

18.63

14.82

3.81 b

8.70

20.5%

A. The percentage price difference is computed as the ratio of the difference between the U.S. and the Canadian
price to the U.S. price. A negative sign implies that the U.S. price is lower and a positive sign implies that the U.S.
price is higher.

B. The symbol B denotes that the difference is statistically significant at the 99% confidence level.

24



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