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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
Recent research in marketing has focused on cross-category variation in the market share of private label products … the factors influencing firm pricing behavior (supply) jointly determine observed market prices and market shares. More … the branded price is higher in markets dominated be national brands. Key Words: private labels, pricing, competitive …
Persistent link: https://www.econbiz.de/10005310639
The relationship between prices and quality variables is an important area of research particularly for the more specialized commodities. Price quality relationships are analyzed in this study in the case of malting barley.
Persistent link: https://www.econbiz.de/10005806190
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The three major infant formula manufacturers bid state by state to be the exclusive provider to poor families under the Women, Infants, and Children (WIC) program, and all three compete for non-WIC customers at grocery stores. Previous studies explained the low WIC prices and the higher retail...
Persistent link: https://www.econbiz.de/10010880409
This paper employs a nation-wide sample of supermarket scanner data to estimate a large brandlevel demand system for beer in the U.S. Unlike previous studies, this work estimates the ownand cross-advertising elasticities in addition to price elasticities. The dimensionality problem is solved...
Persistent link: https://www.econbiz.de/10010880410
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Consumers choose from among the varieties of two brands and an outside good using order statistics. We analytically derive demand functions conditional on their valuations of the varieties being distributed independently uniform. Based on this theory, we estimate a threeparameter empirical...
Persistent link: https://www.econbiz.de/10010914226
observed pricing behavior of ?firms and the equilibrium prices predicted by various pricing models: Bertrand-Nash, leadership … Budweiser whereas collusion focuses on the three largest brewers. Results indicate that Bertrand-Nash predicts the pricing … behavior of fi?rms more closely than other models. Concerns about non-competitive pricing of the forms studied here should …
Persistent link: https://www.econbiz.de/10010914233