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Retail Competition in the Milk Market in a U.S. Midwestern City
Hovhannisyan, Vardges; Gould, Brian W. - 2011
The main goal of this manuscript is to explore the retailer conduct in the milk market in a U.S. Midwestern city, based upon a structural estimation of consumer milk demand and retailer optimality conditions. To model milk demand we rely upon the Almost Ideal Demand System, while allowing the...
Persistent link: https://www.econbiz.de/10009443745
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The Law of One Price? The Impact of IT-Enabled Markets on Consumer Search and Retailer Pricing
Smith, Michael D. - 2001
Recent IT research has analyzed how the performance of IT-enabled markets may differ from conventional markets. This literature has made two unexpected empirical findings. First, ITenabled markets for commodity goods exhibit significant price dispersion. Second, well-known retailers in these...
Persistent link: https://www.econbiz.de/10009441013
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Breaking up is Hard to Do: Determinants of Cartel Duration
Levenstein, Margaret C. - 2010
We estimate the impact of cartel organizational features, as well as macroeconomic fluctuations and industry structure, on cartel duration using a dataset of contemporary international cartels. We estimate a proportional hazards model with competing risks, distinguishing factors which increase...
Persistent link: https://www.econbiz.de/10009476912
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Low-Wage Labor Markets and the Power of Suggestion
Shelkova, Natalya Y. - 2008
is dismissed. However, such behavior is not impossible. This paper investigates the possibility of tacit collusion by low … non-binding minimum wage may serve as a focal point for tacit collusion, proposing a symmetric solution to an infinitely … collusion. CPS monthly data is used for the years 1990-2005, covering the last four federal minimum wage increases. The …
Persistent link: https://www.econbiz.de/10009430180