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Noncooperative Game Theory: A Review with Potential Applications to Agricultural Markets

Sexton, Richard J. - Zwick Center for Food and Resource Policy, Department … - 1993

This paper is a survey on noncooperative game theory relevant to agricultural markets. It is divided into two parts. Part I discussed types of noncooperative games and reviews important developments in noncooperative game theory solution concepts, including Nash equilibrium, subgame perfect...

Persistent link: https://www.econbiz.de/10005510730

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

Putsis Jr., William P.; Cotterill, Ronald W. - Zwick Center for Food and Resource Policy, Department … - 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/10005510739

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

Lopez, Rigoberto A.; Azzam, Azzeddine M.; Liron-Espana, … - Zwick Center for Food and Resource Policy, Department … - 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/10005454153

The Adoption and Profitability of rbST on Connecticut Dairy Farms

Foltz, Jeremy D.; Chang, Hsiu-Hui - Zwick Center for Food and Resource Policy, Department … - 2001

This work estimates Probit and Tobit models of the adoption of rbST on Connecticut dairy farms and then endogenizes that adoption in estimates of milk production and farm profit rates. The work improves on the current literature by allowing the rbST decision to be both continuous and contingent...

Persistent link: https://www.econbiz.de/10005510737

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 P.; Franklin, Andrew W. - Zwick Center for Food and Resource Policy, Department … - 1999

Persistent link: https://www.econbiz.de/10011266319

A Dynamic Count Data Analysis of University Ag-Biotech Patents

Foltz, Jeremy; Kim, Kwansoo; Barham, Bradford - Zwick Center for Food and Resource Policy, Department … - 2001

Persistent link: https://www.econbiz.de/10011266320

Trends in University Ag-Biotech Patent Production

Barham, Bradford; Foltz, Jeremy; Kim, Kwansoo - Zwick Center for Food and Resource Policy, Department … - 2001

Persistent link: https://www.econbiz.de/10011266321

Food Retailing: Mergers, Leveraged Buyouts, and Performance

Cotterill, Ronald W. - Zwick Center for Food and Resource Policy, Department … - 1991

industry. During the 1980s, the industry's operations and financial structure were dramatically altered by mergers and … resources was not the primary source of these gains. Mergers and LBOs contributed to the trend towards fewer, larger … of debt that came with the mergers and LBOs, this industry has accelerated its adoption of cost reducing technology, most …

Persistent link: https://www.econbiz.de/10005510733

Market Power and the Demsetz Quality Critique: An Evaluation for Food Retailing

Cotterill, Ronald W.; Harper, C. David - Zwick Center for Food and Resource Policy, Department … - 1994

This study analyzes supermarket firm prices to determine whether prices are related to market structure and whether the Demsetz quality critique is valid. Factor analysis is used to identify five service factors that are modeled with price as endogenous variables in a simultaneous equations...

Persistent link: https://www.econbiz.de/10005510735

Beyond Illinois Brick: The Law and Economics of Cost Pass-Through in the ADM Price Fixing Case

Cotterill, Ronald W.; Egan, Leonard; Buckhold, William - Zwick Center for Food and Resource Policy, Department … - 1998

This article reviews the legal standards and the economics of indirect purchaser cases. Drawn from recent cases on behalf of consumers in the ADM price fixing case, it presents cost pass through models for high fructose corn syrup (HFCS), one of the alleged price fixes in the wet corn milling...

Persistent link: https://www.econbiz.de/10005510736