This paper presents a comparative analysis of three different economic studies that played major roles in the policy debate over the Compact. It draws an important distinction between before and after analysis and counterfactual impact analysis and highlights constraining assumptions in models....

This paper assesses the impacts of the Northeast Dairy Compact (NEDC) and retail oligopoly power on fluid milk prices in Boston. Empirical results reveal that price increases due to oligopoly power outweighed those caused by the NEDC by nearly seven times. In fact, markups are estimated at...

This article estimates a general linear demand model for three fluid milk brands. It finds perverse signs and complementarity among these substitutes. We develop three constrained models to eliminate perverse signs: a price conduct constraint in the linear model that links private label and...