Price Leadership on the National Cheese Exchange

Review of Industrial Organization

Volumn 12, Issue 4, 1997, Pages 626-654

  Mueller, Willard F ^a,b,c   Marion, Bruce W ^a,b,c   Sial, Maqbool H ^a,b,c  

^a University of Wisconsin Madison ^*  (United States)

^b UNIVERSITY OF WISCONSIN MADISON   (United States)

^c Wisconsin State Dept Agric T   (United States)

Author keywords

Auction market; Cheese prices; Market manipulation; Price leadership; Strategic behavior; Thin market

Indexed keywords

EID: 0008247875     PISSN: 0889938X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007719221189     Document Type: Article

References (23)

1. Bain, Joe S. (1960) 'Price Leaders, Barometers, and Kinks', Journal of Business, 33, 193-203.
2. Caves, R. E. (1979) 'Industrial Organization and the Problem of Thin Markets', in M. L. Hayenga, ed, Pricing Problems in the Food Industry With Emphasis on Thin Markets. Research Division, College of Agricultural and Life Sciences, University of Wisconsin-Madison.
3. Department of Justice (1992) Horizontal Merger Guidelines, Washington, D.C.
4. Encaoua, D., P. Geroski, and A. Jacquemin (1987) 'Strategic Competition and the Persistence of Dominant Firms', in J. Stiglitz and G. F. Matthewson, eds, New Developments in the Analysis of Market Structure. Cambridge: MIT Press.
5. Feinstein, J. S., M. F. Block, and F. C. Nold (1985) 'Asymmetric Information and Collusive Behavior in Auction Markets', American Economic Review, 34, 441-460.
6. Geffen, R. J. (1951) 'Antitrust Law in Wisconsin', Wisconsin Law Review, 1951, 681-700.
7. Geroski, P. A. (1987) 'Do Dominant Firms Decline?', in D. Day and J. Vickers, eds, The Economics of Market Dominance. New York: Basil Blackwell.
8. Hayenga, M. L. (1979) 'The Concept of a Thin Market', in M. L. Hayenga, ed, Pricing Problems in the Food Industry With Emphasis on Thin Markets. Research Division, College of Agricultural and Life Sciences, University of Wisconsin-Madison.
9. Le Roy, S. F. (1989) 'Efficient Capital Markets and Martingales', Journal of Economic Literature, 27, 1583-1621.
10. Maddela, G. S. (1983) Limited Dependent and Qualitative Variables in Econometrics. Cambridge, U.K. Econometric Society Monograph.
11. Marion, B. W. and NC117 Committee (1986). The Organization and Performance of the U. S. Food System. Lexington, MA: Lexington Books.
12. Markham, J. W. (1951) 'The Nature and Significance of Price Leadership', American Economic Review, 41, 891-905.
13. Mueller, W. F., B. W. Marion, M. Sial, and F. E. Geithman (1996) Cheese Pricing: A Study of the National Cheese Exchange. Food System Research Group, Department of Agricultural Economics, University of Wisconsin-Madison.
14. Mueller, W. F. and B. W. Marion (1997) 'Practices Facilitating Manipulation of Prices on the National Cheese Exchange', Working Paper 115, Food System Research Group, Department of Agricultural and Applied Economics, University of Wisconsin-Madison.
15. Nicholls, W. H. (1939) Post-War Development in the Marketing of Cheese. Iowa State College, Research Bulletin 261.
16. Nicholls, W. H. (1941) Imperfect Competition within Agricultural Industries. Iowa State College Press, Ames, Iowa.
17. Pagoulatos, E. and R. Sorensen (1986) 'What Determines the Elasticity of Industry Demand', International Journal of Industrial Organization, 4, 238-250.
18. Porter, M. E. (1985) Competitive Advantage. New York: The Free Press.
19. Raikes, R. (1979) 'Thin Markets: Some Causes, Consequences, and Remedies', in M. L. Hayenga, ed. Pricing Problems in the Food Industry With Emphasis on Thin Markets. Research Division, College of Agricultural and Life Sciences, University of Wisconsin-Madison.
20. Scherer F. M. and D. Ross (1990) Industrial Market Structure and Economics Performance. Boston: Houghton Mifflin Co.
21. Schrader, L. (1985) 'Pricing and Vertical Coordination in the Food System', in B. W. Marion and NC117 Committee. The Organization and Performance of the U. S. Food System. Lexington: Lexington Books.
22. Stigler, G. J. (1947) 'The Kinky Oligopoly Demand Curve and Rigid Prices', Journal of Political Economy, 55, 444-446.
23. Utton, M. A. (1995) Market Dominance and Antitrust Policy. Brookfield, Vermont: Edward Elgar Publishing Limited.