Showing 1 - 10 of 94
This paper separates market power and efficiency effects of concentration in a sample of 255 U.S. manufacturing … the cases, consumers lose as efficiency gains are generally pocketed by the industries. From an aggregate welfare …
Persistent link: https://www.econbiz.de/10005310640
This article separates oligopoly-power and cost-efficiency effects of changes in industrial concentration and assesses … induces cost efficiency in one-third of the industries, oligopoly-power effects either dominate cost efficiency or reinforce …
Persistent link: https://www.econbiz.de/10005454153
Focusing on the interaction between national brands and private labels, this paper has two main empirical contributions: i) a simultaneous system of demand (share), price and expenditure equations is estimated, and ii) differences in the structure of the local geographic market are incorporated...
Persistent link: https://www.econbiz.de/10005510739
Despite considerable debate as to Wal-Mart’s impact on retail workers, to date there has been little structural analysis on the topic. This paper measures and tests for Wal-Mart’s monopsony power in local labor markets using a dominant-firm model and data on contiguous U.S. counties where...
Persistent link: https://www.econbiz.de/10010914218
Persistent link: https://www.econbiz.de/10005310641
This research examines market performance in the U.S. food manufacturing product classes for 1982 and the effect cooperatives have as market participants. It addresses the public policy concern that cooperatives may obtain market power through favorable public policy and may exercise that market...
Persistent link: https://www.econbiz.de/10005310642
Pricing behavior of firms in differentiated product markets has been studied intensely in recent empirical work. Despite several accounts in various industries, price leadership has remained mostly unassessed. This study analyzes price competition in the U.S. brewing industry with a focus on...
Persistent link: https://www.econbiz.de/10005310643
This study develops a two-stage market channel model to analyze pricing in the Boston milk market where retailers are differentiated sellers. A nonlinear model of demand and costs, including firm specific and industry cost shift variables is estimated for each of the four leading supermarkets....
Persistent link: https://www.econbiz.de/10005310644
This paper investigates the impacts of store brands (i.e., private labels) and retail characteristics (scanners, deli, bakery, and pharmacy departments, ATMs, restaurant and store size) on fluid milk prices using 1,740 supermarket-level observations from four cities. Non-parametric results...
Persistent link: https://www.econbiz.de/10005310648
contestability or Chicago efficiency rent hypotheses. …
Persistent link: https://www.econbiz.de/10005310650