An analysis of the impact of buyer structure on the profitability of U.S. food manufacturing industries shows inconclusive evidence in support of the countervailing power hypothesis in these industries. However, findings show that industries that have high sales to other food manufacturing...

Antitrust enforcement concerning monopolies, mergers, and cartels is converging across all market-oriented economies in the world. This convergence is based upon neoclassical economic analysis of industrial organization. The role of empirical economic analysis, however, has not converged as...

This study was provided to the staff at the Federal Trade Commission in October, 1999. It expands the analysis of divestitures that was presented in an April 1999 report to the FTC (An Antitrust Economic Analysis of the Proposed Acquisition of Supermarkets General Holdings Corporation by Ahold...

This study develops a two-stage market channel model to analyze pricing in the Boston milk market where retailers are differentiated sellers. A nonlinear model of demand and costs, including firm specific and industry cost shift variables is estimated for each of the four leading supermarkets....

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...

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...

This paper presents a unique empirical analysis of Salop and Scheffman?s raising rival?s cost theory of predation. The cost efficiency of cooperative wholesaling organizations including the nations largest, Wakefern Food Corporation, are highly susceptible to throughput volume. The Royal...