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According to USDA Economic Research Service 11.1 percent of all US households were food insecure during some period during 2006. That percentage of food insecure households increased to 14.5 in 2010. In the interim, the country experienced a severe economic recession likely contributing to the...
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Under the U.S. Special Nutrition Program for Women, Infants, and Children (WIC) program, the three major infant formula manufacturers compete for WIC supply contracts, state by state. Policy makers have been puzzled by the question of why the contracted WIC price is substantially lower than the...
Persistent link: https://www.econbiz.de/10010864926
Consumers choose from among the varieties of two brands and an outside good using order statistics. We analytically derive demand functions conditional on their valuations of the varieties being distributed independently uniform. Based on this theory, we estimate a threeparameter empirical...
Persistent link: https://www.econbiz.de/10010914226
Although many theoretical industrial organization models are based on the existence of a critical mass of exogenously "brand loyal" consumers, we find little empirical evidence supporting these assumptions in the orange juice retail market. There are very few loyal consumers. More importantly,...
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