Showing 1 - 10 of 14
The purpose of this paper is to examine the impact of bilateral imperfect competition between processors and retailers and of import supply on optimal advertising intensity, advertising expenditures, and checkoff assessment rates. First, comparative static analyses were conducted on the newly...
Persistent link: https://www.econbiz.de/10010881011
Consistent two-step censored estimation is applied to household demand equations for disaggregated milk and cheese products. The long-run advertising elasticity for total milk was positive, largely due to low fat milk; however the elasticity for cheese was not significant, and only shredded...
Persistent link: https://www.econbiz.de/10005320423
This paper evaluates the economic consequences of milk marketing orders for producers and consumers in organic and … exemption of organics from marketing order regulation would make organic farmers better off at the expense of conventional …
Persistent link: https://www.econbiz.de/10005327216
This paper documents the remarkable experience of the Far West mint producers in the operation of their marketing order …. From 1993 to 2002, the marketing order witnessed a dramatic reduction its share of the Scotch spearmint market, as well as … marketing order price as a logical consequence of increased world production of spearmint oil. We estimate an econometric model …
Persistent link: https://www.econbiz.de/10005327293
The purpose of this study is to investigate whether the generic advertising helps or hurts the brand advertising within the differentiated product environments. We develop an analytical model that includes both generic and brand advertising expenditures considering vertical product...
Persistent link: https://www.econbiz.de/10005012537
This research shows that the existing literature on milk marketing orders misses an important effect. Previous work … ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer … benefits from marketing orders have been smaller than previous work suggests, and, under some conditions, may even be negative …
Persistent link: https://www.econbiz.de/10005500357
With the possible elimination of the mandatory beef checkoff, some state are considering a voluntary beef checkoff. This study conducts a choice experiment to estimate the feasibility of a state and nationwide voluntary checkoff. Results indicate that a lower fee and a greater focus on...
Persistent link: https://www.econbiz.de/10005536152
In this study, we extend to panel data structures the double-hurdle model typically used in cross-sectional data. The new double-hurdle model can account not only for the censored nature of commodity purchases, but also for the dynamics of the purchase process. In this model, a flexible error...
Persistent link: https://www.econbiz.de/10005536697
Persistent link: https://www.econbiz.de/10009020504
In this paper, the new empirical industrial organization approach with a dynamic model is simultaneously employed to measure the degree of oligopoly, oligopsony power, and cost efficiency in the U.S. beef packing industry. The oligopsony power is estimated with two effects: cash cattle...
Persistent link: https://www.econbiz.de/10009020607