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To analyze U.S. consumers' brand choices for cheese purchases, we derive a set of discrete-choice models from dynamic utility maximization. ACNielsen Homescan Survey data on U.S. households is used to estimate a dynamic probit model for each of the top brands for cheddar, shredded, and sliced...
Persistent link: https://www.econbiz.de/10009394123
Empirical applications of testing oligopoly power in different industries are based on the 'new empirical industrial organization' (NEIO) approach. Parallel to this approach, theoretical and empirical applications to testing oligopoly power in international trade have also emerged. A shortcoming...
Persistent link: https://www.econbiz.de/10009228203
To analyze U.S. consumers' brand choices for cheese purchases, we derive a set of discrete-choice models from dynamic utility maximization. ACNielsen Homescan Survey data on U.S. households is used to estimate a dynamic probit model for each of the top brands for cheddar, shredded, and sliced...
Persistent link: https://www.econbiz.de/10009429467
The objective of this article is to measure the degree of competition among retail stores to sell a specific brand of a product. For this purpose, we estimate brand-specific demand equations along with first order conditions from stores' profit maximization. In stores' profit maximization, we...
Persistent link: https://www.econbiz.de/10005579476
To analyze U.S. consumers' brand choices for cheese purchases, we derive a set of discrete-choice models from dynamic utility maximization. ACNielsen Homescan Survey data on U.S. households is used to estimate a dynamic probit model for each of the top brands for cheddar, shredded, and sliced...
Persistent link: https://www.econbiz.de/10005202259
Persistent link: https://www.econbiz.de/10009949059
To analyze U.S. consumers' brand choices for cheese purchases, we derive a set of discrete-choice models from dynamic utility maximization. ACNielsen Homescan Survey data on U.S. households is used to estimate a dynamic probit model for each of the top brands for cheddar, shredded, and sliced...
Persistent link: https://www.econbiz.de/10014217308
A new approach for estimating oligopoly power coefficients is proposed. The methodology used sidesteps the difficulties of obtaining cost data and obtaining coefficients which do not satisfy the theoretical properties of the cost function.
Persistent link: https://www.econbiz.de/10009202993
What has been ignored in much of the existing studies of oligopoly power is that market behaviour need not be static in nature, and oligopoly power in agriculture need not be present in every month of the year. In a market which is characterized by seasonality and supplied by different sources...
Persistent link: https://www.econbiz.de/10009209908
Persistent link: https://www.econbiz.de/10005298802