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State WIC agencies in infant-formula procurement auctions receive lower bids and final prices when they are in buyer’s alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an auction to procure infant formula....
Persistent link: https://www.econbiz.de/10010916702
Although the WIC food assistance program purchases over one-half of all US infant formula, I find the program has little impact on the prices paid by non-WIC customers. I estimate infant-formula marginal cost and find that it is low compared to price, implying large price-cost markups. But, the...
Persistent link: https://www.econbiz.de/10009002534
Transitional yields based on county average can be used by producers as the basis to obtain crop insurance on fields that have not previously produced the crop. Using field-level crop insurance contract data for several crops in five different growing regions we examine the impact of this...
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Quantity surcharges exist when unit prices are higher for larger packages. We hypothesize that various sizes of goods are differentiated products, and this explains some surcharges. Estimating a random-coefficients logit demand model, we examine own and cross elasticities to determine the level...
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The infant formula rebate program of the Special Nutrition Program for Women, Infants, and Children (WIC) requires each state to hold an auction where the low-bidder among the three major manufacturers of infant formula became the sole provider of formula to the state, which issues WIC voucher...
Persistent link: https://www.econbiz.de/10005803180
We estimate China's rural, urban and overall income distributions using grouped data from 1985-2001. We show how the distributions evolve as well as examine trends in welfare indices. We find the growing rural-urban income gap and increases in inequality within either sector have been equally...
Persistent link: https://www.econbiz.de/10005806668