This study uses revealed preferences of consumers to study the consumer valuations of rBST-free and organic milk. The study specifies and estimates a quadratic AIDS model for different milk types using US supermarket scanner data. The introduction of rBST-free and organic milk is used to...

We develop a theoretical model of strategic firm behavior in seeking property rights given multiple property regimes. Our model suggests probability of the loss of trade secrets and revelations through patent applications does play a significant role in the choice of property rights by plant firms.

By specifying a structural model, the present study estimates different indicators of competitiveness of the fluid milk market, namely average and marginal cost, average profits and price-cost margins, and utility levels for the full, and pre and post Compact time period.

We explore brand level strategic interactions between skim/low fat and whole milk brands by estimating detailed price elasticity matrix using quadratic almost ideal demand system for eight major U.S. cities. Results of our analysis suggest that the market and demand behavior of skim/low fat and...

This paper develops an analysis of markets for differentiated products. It relies on the concept of latent separability for consumer preferences. As proposed by Blundell and Robin, latent separability assumes that purchased products are allocated in the production of latent intermediate...

We estimate the cost pass through rates (CPTR) in the Boston fluid milk market while taking into account strategic conduct (Vertical Nash, Vertical Stackleberg) between retailers and processors. By using structural demand and supply specification we estimate and test for the pass through rates...

This paper investigates a comprehensive assessment of firm strategic behavior under financial market uncertainty. A general theoretical model of market value maximization (MVM) is constructed using a traditional capital asset pricing format. The model built on the nonlinear Almost Ideal Demand...

This work investigates the link between constraints in agricultural credit markets and farm profitability in a developing country setting. Using data from rural Tunisia in a switching econometric model, this work directly estimates both the determinants of credit constraints and their effects on...

This paper uses data from dairy farmers in six U.S. states to examine farm-level factors influencing the adoption of recombinant bovine somatatropin (rBST), a productivity-enhancing hormone that is injected in cows. The results of multinomial logit estimations of rBST adoption and disadoption...

The potential of agricultural biotechnology to produce seed traits that reduce yield risk generates widespread excitement. Hopes are high that in an era of tightening water constraints and climate change drought tolerant (DT) crop varieties will stabilize food production and allow for greater...