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Although obesity is already the leading public health crisis in the U.S., with an estimated social cost of approximately $120 billion a year and growing (Rowley, 2004), obesity incidence continues to increase at an alarming rate (Kuhn, 2002). The main culprits are the increase in the consumption...
Persistent link: https://www.econbiz.de/10010914222
This article uses a discrete choice, random coefficients logit model for analyzing consumer behavior and retail price competition in the Boston fluid milk market. The problems of product dimensionality and consumer heterogeneity implied by imperfect substitution in markets with differentiated...
Persistent link: https://www.econbiz.de/10010914220
This article investigates the competition effects of supermarket food and non-food services using fluid milk as a case study. A simultaneous equation model for services and price competition is estimated with scanner data from 16 supermarket chains operating in six U.S. cities. Empirical results...
Persistent link: https://www.econbiz.de/10010914234