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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/10010636779
This article investigates the impacts of private labels (PLs) on fluid milk prices and price differentials using 2,759 supermarket-level observations from 10 cities. Non-parametric results reveal that although PL milk prices decrease as PL milk shares expand, eventually the effect is to increase...
Persistent link: https://www.econbiz.de/10014601263
This paper investigates the effect of in-store services on retail food prices, supermarket competition, and demand using fluid milk as a case study. It is shown that higher-service supermarkets charge higher milk prices essentially because of an increase in market power due to differentiation of...
Persistent link: https://www.econbiz.de/10005476764
This report, produced at the request of the Dairy Committee of the Connecticut Farm Bureau Association, assess es the economic and dairy farm sustainability impacts of Connecticut’s Public Act 09 - 229 . Th e Act established a dairy farm sustainability and safety net program by providing...
Persistent link: https://www.econbiz.de/10010816391
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
This article investigates the impacts of private labels (PLs) on fluid milk prices and price differentials using 2,759 supermarket-level observations from 10 cities. Non-parametric results reveal that although PL milk prices decrease as PL milk shares expand, eventually the effect is to increase...
Persistent link: https://www.econbiz.de/10005178514
Formulating theoretical models inevitably requires various simplifications that assist in making analysis tractable and that facilitate deriving closed form solutions. While the strategic insights gained from theoretical models of market phenomena are often quite valuable, testing the...
Persistent link: https://www.econbiz.de/10010816323
Thank you for inviting me to speak to your conference. Given that the standard definition of an expert is someone who is more than a hundred miles from home I qualify as an expert on the western Canadian dairy industry. The conference organizing committee gave me as a working title, “Who...
Persistent link: https://www.econbiz.de/10010816383
This briefing paper presents some facts that pertain to the overall performance of the milk-marketing channel in New England. It updates information provided in earlier papers that focused upon dairy pricing during and immediately prior to the Compact era. (Cotterill, 2001a, b, Cotterill and...
Persistent link: https://www.econbiz.de/10010816387
Price gouging is commonly perceived to be a consumer issue, however it also is a farmer issue. Currently, retail fluid milk prices in New England are as much as a dollar per gallon above supply costs (Cotterill et al. 2002; Mohl 2002). Yes, consumers are paying too much; but farmers are also...
Persistent link: https://www.econbiz.de/10010816388