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Imperfect Competition between Milk Manufacturers and Retailers in a Midwestern State in the U.S.
Hovhannisyan, Vardges; Stiegert, Kyle W. - Southern Agricultural Economics Association - SAEA - 2011
This manuscript studies the market conduct of the milk manufacturers and retail chains in a Midwestern state in the U.S. Following the menu approach we employ a random coefficient logit demand model to investigate several possible scenarios on the supply side. Demand estimates are obtained using...
Persistent link: https://www.econbiz.de/10008922617
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Retail Competition in the Milk Market in a U.S. Midwestern City
Hovhannisyan, Vardges; Gould, Brian W. - Southern Agricultural Economics Association - SAEA - 2011
scenarios from perfect competition to horizontal cartel. We employ a conjectural variation approach in the spirit of Newly … in question is far from being competitive, with the two major retailers being engaged in an oligopolistic competition … competition in a given market with only aggregate purchase quantity and price data. …
Persistent link: https://www.econbiz.de/10008922655
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The Effects of FMMOs Pricing Regimes on Milk Price Behavior and Dairy Farm Profitability
Bolotova, Yuliya - Southern Agricultural Economics Association - SAEA - 2015
This research evaluates the effects of the key changes that took place in the design of Class III milk pricing within … Federal Milk Marketing Orders (FMMOs) on milk price behavior and dairy farm profitability over three milk pricing regimes …: Minnesota-Wisconsin price series (1960s – 1995), Basic Formula Price (1995-1999) and Multiple Component Pricing (2000-present …
Persistent link: https://www.econbiz.de/10011125388
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Agricultural Production Restrictions and Market Power: An Antitrust Analysis
Bolotova, Yuliya - Southern Agricultural Economics Association - SAEA - 2015
During the recent decade the organizations of agricultural producers in the national dairy, potato, egg and mushroom industries implemented various pre-production and production restriction practices with the primary objective of agricultural output price stabilization. The buyers of the...
Persistent link: https://www.econbiz.de/10011125446
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What a Difference a Year Makes in the Dairy Industry
Herbst, Brian K.; Richardson, James W.; Outlaw, Joe L.; … - Southern Agricultural Economics Association - SAEA - 2008
The projections for feed and milk prices have changed over the last year. This study looks at how the changes affect the dairy industry. The high feed prices have been trumped by higher milk prices and the economic viability of the dairy industry has improved across the board.
Persistent link: https://www.econbiz.de/10005503449
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Modelling Reference-Dependent and Labelling Effects in Consumers’ Functional Food Choices
Zou, Ning Ning - Southern Agricultural Economics Association - SAEA - 2009
This paper examines the reference-dependent and labelling effects when consumers make choices about functional foods, and explores how changes in reference points could alter individuals’ preferences. Functional food (Omega 3 milk) and regular food (regular milk) are used as examples to...
Persistent link: https://www.econbiz.de/10004989126
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Direct Marketing of Specialty Crops by Producers: A Price-Comparison between Farmers' Markets and Grocery Stores
Watson, Jonathan Adam; Gunderson, Michael A. - Southern Agricultural Economics Association - SAEA - 2010
the pricing relationship between farmers' markets and nearby grocery stores. Only by further analyzing this relationship … can we gain a better understanding of these pricing trends. Although this trend is seemingly consistent, further research … of one year while recording pricing trends from farmers' markets and nearby grocery stores. The survey also records …
Persistent link: https://www.econbiz.de/10008922442
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The Preference for Round Number Prices
Klumpp, Joni M.; Brorsen, B. Wade; Anderson, Kim B. - Southern Agricultural Economics Association - SAEA - 2005
This study determines if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole dollar amounts. The results show round prices are slightly more prevalent than non-round prices and that transactions increase when price moves above a...
Persistent link: https://www.econbiz.de/10005804692
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Testing For Seasonal Cointegration and Error Correction: The U.S. Pecan Price-Inventory Relationship
Ibrahim, Mohammed; Florkowski, Wojciech J. - Southern Agricultural Economics Association - SAEA - 2005
Using time series data we examine behavior of pecan prices and inventories at zero and seasonal frequencies, given results of seasonal cointegration tests. Both, seasonally unadjusted and adjusted quarterly data are used (1991-2002). Results suggest that, first, shelled and total pecan...
Persistent link: https://www.econbiz.de/10005804715
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PRICE-INVENTORY RELATIONSHIP IN THE PECAN INDUSTRY: A STUDY OF LONG- AND SHORT-RUN EFFECTS WITH SEASONAL CONSIDERATION
Ibrahim, Mohammed; Florkowski, Wojciech J. - Southern Agricultural Economics Association - SAEA - 2004
Persistent link: https://www.econbiz.de/10005805282