The increasing importance of services in industrialized economies is reflected in the relative importanceof service in product offerings at the retail level. Yet, typical economic studies accountonly for physical product attributes in models of product differentiation even when conductedwith...

The increasing importance of services in industrialized economies is reflected in the relative importance of service in product offerings at the retail level. Yet, typical economic studies account only for physical product attributes in models of product differentiation even when conducted with...

The Seattle-Tacoma consumers have been paying higher prices for fresh milk than consumers in other Western states of United States. For instance, the retail price for whole milk averaged $3.27/gallon during the period of April 1999- April 2003 in Seattle-Tacoma, while it did not go beyond...

The Seattle-Tacoma consumers have been paying higher prices for fresh milk than consumers in other Western states of United States. For instance, the retail price for whole milk averaged $3.27/gallon during the period of April 1999- April 2003 in Seattle-Tacoma, while it did not go beyond...

This study analyzes the determinants of TE among traditional dairy farms in the State of Wisconsin taking into account dairy farms’ heterogeneity. To do so, we first estimate a production frontier and the level of TE using the SPF framework. Then we analyze the determinants of TI using a...

Cotton price relationships between major cotton producers and New York cotton December future price are investigated by the regression model, the VAR model and the error-correction model, the error-correction model generates the hedge ratios that display the largest value in size in most of the...

This paper examines the potential benefits of introducing a new payment scheme in a sugarcane processing cooperative. Findings suggest that a use-value payment system would increase individual and total members’ net returns significantly over a sugar-based system. The proposed payment...

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,...

This article decomposes the impact of imports on domestic price-cost margins into separate price and cost effects. Using data from 24 food-processing industries, the empirical results show that although the direct impact of imports on prices is always negative, a positive net impact on...