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An Empirical Assessment of Endogeneity Issues In Demand Analysis for Differentiated Products

Dhar, Tirtha Pratim; Chavas, Jean-Paul; Gould, Brian W. - Department of Agricultural and Resource Economics, … - 2002

This article explores the issue of price and expenditure endogeneity in empirical demand analysis. The analysis focuses … for both prices and expenditures. We find that accounting for price/expenditures endogeneity significantly impacts demand … elasticity estimates. We also evaluate the implications of endogeneity issues for testing weak separability. …

Persistent link: https://www.econbiz.de/10010816336

The Impact of the Northeastern Dairy Compact on New England Consumers: A Report from the Milk Policy Wars

Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2003

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-after and counterfactual impact analysis and highlights constraining assumptions in models. Over time the...

Persistent link: https://www.econbiz.de/10010816321

Milk Prices in New England and Neighboring Areas of New York: A Prologue to Action?

Cotterill, Ronald W.; Rabinowitz, Adam N.; Tian, Li - Department of Agricultural and Resource Economics, … - 2002

Persistent link: https://www.econbiz.de/10010816355

Strategic Pricing in a Differentiated Product Oligopoly Model: Fluid Milk in Boston

Canan, Basak; Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2005

In an imperfectly competitive industry, differentiated products compete with each other with price rather than quantity as the strategic variable. Several previous studies have employed a generalized Nash Bertrand model: Liang (1989), Cotterill (1994), Cotterill, Putsis and Dhar (2000), and...

Persistent link: https://www.econbiz.de/10010633274

Concentration-Price Relations in Regional Fed Cattle Markets

Marion, Bruce W.; Geithman, Frederick E. - Department of Agricultural and Resource Economics, … - 1994

Since 1977, the U.S. beef packing industry has been restructured at a pace unprecedented in large American industries. By 1987, four packers slaughtered over two-thirds of all steers and heifers. In the thirteen regional feedlot-packer markets studied here, the four leading packers slaughtered...

Persistent link: https://www.econbiz.de/10010635643

Asymmetry in Farm-Retail Price Transmission in the Northeastern Fluid Milk Market

Frigon, Mathieu; Doyon, Maurice; Romain, Robert F.J. - Department of Agricultural and Resource Economics, … - 1999

A hybrid approach to estimate the asymmetric price transmission between the farm gate and the retail market is proposed. The model is estimated for the fluid milk market of the Northeast U.S., that of the metropolitan area of New York City as well as that of Upstate New York. Spatially...

Persistent link: https://www.econbiz.de/10010635653

An Econometric Analysis of Brand Level Strategic Pricing Between Coca Cola and Pepsi Inc.

Dhar, Tirtha Pratim; Chavas, Jean-Paul; Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2002

Market structure and strategic pricing for leading brands sold by Coca Cola and Pepsi Inc. are investigated in the context of a flexible demand specification and structural price equations. This approach is more general than prior studies that rely upon linear approximations and interactions of...

Persistent link: https://www.econbiz.de/10010816364

The Impact of Imports on Price-Cost Margins: An Empirical Illustration

Lopez, Rigoberto A.; Lopez, Elena - Department of Agricultural and Resource Economics, … - 2001

This article decomposes the impact of imports on domestic price-cost margins into separate price and cost effects. Using data from 24 food-processing industries, the empirical results show that although the direct impact of imports on prices is always negative, a positive net impact on...

Persistent link: https://www.econbiz.de/10010635662

Demand for Differentiated Milk Products: Implications for Price Competition

Lopez, Elena; Lopez, Rigoberto A. - Department of Agricultural and Resource Economics, … - 2008

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/10010816311

Dairy Policy for New England: Options at the State and Regional Level

Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2003

Persistent link: https://www.econbiz.de/10010816327