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We introduce a model of dynamic price and advertising competition and use the model to investigate a popular segment of … model. To explore the implications of this specification decision on the assessment of price and advertising competition we … competition for multi-product firms; and compute the distribution of equilibrium price and advertising strategies to assess the …
Persistent link: https://www.econbiz.de/10010816379
Thank you for inviting me to speak to your conference. Given that the standard definition of an expert is someone who is more than a hundred miles from home I qualify as an expert on the western Canadian dairy industry. The conference organizing committee gave me as a working title, “Who...
Persistent link: https://www.econbiz.de/10010816383
determinants of both demand and strategic pricing decisions by firms. Consequently, we estimate a simultaneous system of share and … strategic insights into the pricing interaction between national brands and private labels. In our empirical analysis, we employ … find that consumer response to price and promotion decisions (demand) and the factors influencing firm pricing behavior …
Persistent link: https://www.econbiz.de/10010635639
our premise that consumer response to price and promotion decisions (demand) and the factors influencing firm pricing …
Persistent link: https://www.econbiz.de/10010635660
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 …
Persistent link: https://www.econbiz.de/10010636779
Fluid milk market orders are routinely criticized by many because they force consumers to pay higher fluid milk prices. The Northeast Dairy Compact was also attacked as a cartel that if eliminated would result in lower prices to consumers. The fluid milk processors through their trade group, the...
Persistent link: https://www.econbiz.de/10010777205
critical need for the proposed milk pricing law and, as explained in this briefing paper, a need for a meeting the competition … economic activity in the state that would be lost if dairy farms and processing shift west. Recent retail pricing patterns in …
Persistent link: https://www.econbiz.de/10010777224
milk pricing that is currently hurting consumers and farmers. First, we explain the 40-40 Consumer Approach. Then, we … at the ceiling. Retailer and processor margins are limited if they would persist with noncompetitive pricing practices …
Persistent link: https://www.econbiz.de/10010777225
Value. In a classical economy prices are determined by the costs of production. Ricardo talked of three: rent for land …
Persistent link: https://www.econbiz.de/10010777226
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