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Market Power and/or Efficiency: An Application to U.S. Food Processing

Lopez, Rigoberto A.; Azzam, Azzeddine M.; Liron-Espana, … - Department of Agricultural and Resource Economics, … - 2001

This article separates oligopoly-power and cost-efficiency effects of changes in industrial concentration and assesses their impact on output prices in 32 food-processing industries. Empirical results indicate that although concentration induces cost efficiency in one-third of the industries,...

Persistent link: https://www.econbiz.de/10010635633

Share, Price and Category Expenditure-- Geographic Market Effects and Private Labels

William P. Putsis Jr.; Cotterill, Ronald W. - Department of Agricultural and Resource Economics, … - 2000

Focusing on the interaction between national brands and private labels, this paper has two main empirical contributions: i) a simultaneous system of demand (share), price and expenditure equations is estimated, and ii) differences in the structure of the local geographic market are incorporated...

Persistent link: https://www.econbiz.de/10010635661

Is Wal-Mart Good for Competition? Evidence from Milk Prices

Cleary, Rebecca L. O.; Lopez, Rigoberto A. - Department of Agricultural and Resource Economics, … - 2007

This article examines the impact of Wal-Mart Supercenters’ entry on incumbents’ pricing behavior and demand. Using a …

Persistent link: https://www.econbiz.de/10010816340

Entry of Wal-Mart Supercenters and Supermarkets’ Profit Margins

Liu, Xiaoou; Lopez, Rigoberto A. - Department of Agricultural and Resource Economics, … - 2011

entry game, using method of simulated moments and milk scanner data from Dallas/Fort Worth supermarkets. The empirical … findings show that the entry of Wal-Mart Supercenters accounts for about an average 50% decrease in milk profit margins for …

Persistent link: https://www.econbiz.de/10010816373

Antitrust Policy

Cotterill, Ronald W.; Brock, James - Department of Agricultural and Resource Economics, … - 1993

. Mergers and acquisitions restructured many American industries during the decade. This review of actual conduct is a fitting … prologue for our subsequent discussion of the federal merger guidelines and federal policy on price discrimination. Thus, this … paper is organized into two sections. The first section reviews actual antitrust and merger activity during the 1980s. The …

Persistent link: https://www.econbiz.de/10010816382

Post Merger Price Conduct: A Case Study of Pricing in Connecticut Markets After the 1996 Royal Ahold-Stop & Shop Merger

Cotterill, Ronald W.; Dhar, Tirtha Pratim; Franklin, … - Department of Agricultural and Resource Economics, … - 1999

This study was provided to the staff at the Federal Trade Commission in October, 1999. It expands the analysis of divestitures that was presented in an April 1999 report to the FTC (An Antitrust Economic Analysis of the Proposed Acquisition of Supermarkets General Holdings Corporation by Ahold...

Persistent link: https://www.econbiz.de/10010816310

Price Transmission in Differentiated Product Market Channels: A Study of the Boston Fluid Milk Market and the North East Dairy Compact

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

This study develops a two-stage market channel model to analyze pricing in the Boston milk market where retailers are differentiated sellers. A nonlinear model of demand and costs, including firm specific and industry cost shift variables is estimated for each of the four leading supermarkets....

Persistent link: https://www.econbiz.de/10010816314

Imperfect Competition and Total Factor Productivity Growth in U.S. Food Processing

Azzam, Azzeddine M.; Lopez, Elena; Lopez, Rigoberto A. - Department of Agricultural and Resource Economics, … - 2002

This article examines the role of imperfect competition in determining total factor productivity growth (TFPG) by bringing together a New Empirical Industrial Organization (NEIO) model and the TFPG model of Nadiri and Mamuneas (1998). Applying the integrated model to 1973-92 data from 29 food...

Persistent link: https://www.econbiz.de/10010816320

Testing the Theory: Vertical Strategic Interaction and Demand Functional Form

Cotterill, Ronald W.; William P. Putsis Jr. - Department of Agricultural and Resource Economics, … - 1998

Formulating theoretical models inevitably requires various simplifications that assist in making analysis tractable and that facilitate deriving closed form solutions. While the strategic insights gained from theoretical models of market phenomena are often quite valuable, testing the...

Persistent link: https://www.econbiz.de/10010816323

The Impact of Agricultural Marketing Cooperatives on Market Performance in U.S. Food Manufacturing Industries for 1982

Petraglia, Lisa M.; Rogers, Richard T. - Department of Agricultural and Resource Economics, … - 1991

This research examines market performance in the U.S. food manufacturing product classes for 1982 and the effect cooperatives have as market participants. It addresses the public policy concern that cooperatives may obtain market power through favorable public policy and may exercise that market...

Persistent link: https://www.econbiz.de/10010816325