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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...
Persistent link: https://www.econbiz.de/10010635639
This article examines the influence of campaign contributions on agricultural subsidies. Empirical results revealed that rent seeking works, i.e., campaign contributions of agricultural-related industries influence agricultural subsidies in the manner they best serve contributors' economic...
Persistent link: https://www.econbiz.de/10010635640
This research report responds to the comprehensive critique of structure-price and structure profit studies in the food retailing industry by Keith Anderson, Staff Economist, Federal Trade Commission. Mr. Anderson's critique was in response to a request from certain members of the House...
Persistent link: https://www.econbiz.de/10010635641
Persistent link: https://www.econbiz.de/10010635642
Since 1977, the U.S. beef packing industry has been restructured at a pace unprecedented in large American industries. By 1987, four packers slaughtered over two-thirds of all steers and heifers. In the thirteen regional feedlot-packer markets studied here, the four leading packers slaughtered...
Persistent link: https://www.econbiz.de/10010635643
We estimate the effects of new brands on market competition and consumer welfare in the U.S. processed cheese market. We find that an observed increase in consumer welfare was attributable mainly to an increase in the number of brands in the sample market, while the price effect, which measures...
Persistent link: https://www.econbiz.de/10010635644
Persistent link: https://www.econbiz.de/10010635645
This paper is a survey on noncooperative game theory relevant to agricultural markets. It is divided into two parts. Part I discussed types of noncooperative games and reviews important developments in noncooperative game theory solution concepts, including Nash equilibrium, subgame perfect...
Persistent link: https://www.econbiz.de/10010635646
Persistent link: https://www.econbiz.de/10010635647
Orange juice began as a branded product in the 1950s, but private and packer labels son became dominant. Brands gained share during the 1980s with the introduction of a third national brand and the growth of chilled juice. The large number of packer labels makes brand and private label share...
Persistent link: https://www.econbiz.de/10010635648