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This article uses a discrete choice, random coefficients logit model for analyzing consumer behavior and retail price competition in the Boston fluid milk market. The problems of product dimensionality and consumer heterogeneity implied by imperfect substitution in markets with differentiated...
Persistent link: https://www.econbiz.de/10010914220
This article investigates the competition effects of supermarket food and non-food services using fluid milk as a case study. A simultaneous equation model for services and price competition is estimated with scanner data from 16 supermarket chains operating in six U.S. cities. Empirical results...
Persistent link: https://www.econbiz.de/10010914234
The branded integration strategy is not new. Recall that Agrimark owned Hood in a joint venture with Agway for many years. It did not work for many reasons, including the fact that Agrimark was prohibited by the U.S. Justice Department from direct representation on the Hood board of directors....
Persistent link: https://www.econbiz.de/10010777188
Our recent meeting provided a factual basis for analysis of alternative milk policies. We analyzed the cost of production on farms, in processing, and in retailing. We collected and analyzed prices at the retail, wholesale, and farm level. This exercise gave us a rare glimpse into the...
Persistent link: https://www.econbiz.de/10010777189
Since November of 2002, the Food Marketing Policy Center has periodically conducted price surveys of milk in New York and Southern New England (Cotterill, et. al. 2002; Rabinowitz, et. al. 2003;Cotterill 2003). Results of these surveys, when coupled with data on the underlying cost of the raw milk, have...
Persistent link: https://www.econbiz.de/10010777190
Last November, the Food Marketing Policy Center conducted a survey of retail milk prices in Connecticut, Massachusetts, Rhode Island, and parts of southeast New York (Cotterill, et al., 2002). That look at the price distribution over space aided in answering several questions regarding milk...
Persistent link: https://www.econbiz.de/10010777192
With the help of four University of Connecticut graduate students, two weeks ago I surveyed milk prices in 195 grocery stores in southern New England and neighboring parts of New York. The average price for milk in Providence supermarkets was $3.03 a gallon (the average prices for the major...
Persistent link: https://www.econbiz.de/10010777193
At the outset we would like to thank the Committee on the Environment for the opportunities to submit this written testimony and to address the Committee on an important issue today. Milk pricing in New England and Massachusetts has been contentious for several years because of two interrelated...
Persistent link: https://www.econbiz.de/10010777194
Dairy farming continues to be a major agricultural activity in the state of Connecticut. Although the number of dairy farms in the state has declined over the past decade, aggregate production has remained stable, and Connecticut farms have, on average, higher production than New York or Vermont...
Persistent link: https://www.econbiz.de/10010777195
The proposed Connecticut milk pricing law for milk establishes two price collars. The general concept is as follows. Wholesale fluid milk prices will be limited to no more than 140% of the raw fluid price, and retail prices will be limited to no more than 140% of the wholesale price. These 140%...
Persistent link: https://www.econbiz.de/10010777196