In contrast to single-equation cross-sectional studies of private label share, developing a complete understanding of the nature of the competitive interaction between national brands and private labels requires an understanding of the determinants of both demand and strategic pricing decisions...

Pricing behavior of firms in differentiated product markets has been studied intensely in recent empirical work. Despite several accounts in various industries, price leadership has remained mostly unassessed. This study analyzes price competition in the U.S. brewing industry with a focus on...

This paper presents a comparative analysis of three different economic studies that played major roles in the policy debate over the Compact. It draws an important distinction between before-after and counterfactual impact analysis and highlights constraining assumptions in models. Over time the...

Focusing on the interaction between national brands and private labels, this paper has two main empirical contributions: i) a simultaneous system of demand (share), price and expenditure equations is estimated, and ii) differences in the structure of the local geographic market are incorporated...

The ready-to-eat cereal industry is characterized by high concentration, high price-cost margins, large advertising to sales ratios, and numerous introductions of new products. Previous researchers have concluded that the ready-to-eat cereal industry is a classic example of an industry with...

Measuring the degree of price coordination between firms in a differentiated products industry is particularly challenging because it is necessary to utilize a demand system that is sufficiently flexible, allows the imposition of theoretical restrictions, and allow for the derivation of the...

In an imperfectly competitive industry, differentiated products compete with each other with price rather than quantity as the strategic variable. Several previous studies have employed a generalized Nash Bertrand model: Liang (1989), Cotterill (1994), Cotterill, Putsis and Dhar (2000), and...

This report analyzes the economic impact of price fixing in the wet corn milling industry on consumers in the State of Michigan. Two of the companies who produce citric acid have pleaded guilty to fixing its price. In this report we assume that price fixing also occurred among HFCS producers....

The integration of the Finnish meat market in the EU has important implications for domesticagricultural policy. Our aim is to estimate the characteristics of the Finnish pork and beef markets inrelation to those of Germany and Denmark. Our analysis uses symmetric and asymmetric thresholderror...

Octopus exports are an important source of foreign exchange for Mauritania. The export market has historically been dominated by coordinated Japanese buyers, a situation that led Mauritania to create the Societe Mauritanienne de Commercialisation de Poisson (SMCP) to negotiate with buyers and...