Demand for differentiated milk products: Implications for price competition

Agribusiness

Volumn 25, Issue 4, 2009, Pages 453-465

  Lopez, Elena ^a   Lopez, Rigoberto A ^b  

^a UNIVERSITY OF ALCALÁ   (Spain)

^b UNIVERSITY OF CONNECTICUT   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 70350063848     PISSN: 07424477     EISSN: 15206297     Source Type: Journal    
DOI: 10.1002/agr.20219     Document Type: Article

References (31)

1. Berry, S.T. (1994). Estimating discrete-choice models of product differentiation. Rand Journal of Economics, 25(2), 242-262.
2. Berry, S., Levinsohn, J., & Pakes, A. (1995). Automobile prices in market equilibrium. Econometrica, 63(4), 841-890.
3. Canan, B., & Cotterill, R.W. (2006). Strategic pricing in a differentiated product oligopoly model: Fluid milk in Boston. Agricultural Economics, 35(1), 27-33.
4. Chidmi, B., & Lopez, R.A. (2007). Brand-supermarket demand for breakfast cereals and retail competition. American Journal of Agricultural Economics, 89(2), 1-14.
5. Chidmi, B., Lopez, R.A., & Cotterill, R.W. (2005). Retail oligopoly power, dairy compact, and the Boston milk prices. Agribusiness, 21(4), 477-491.
6. Cotterill, R.W., & Dhar, T. (2003). Oligopoly pricing with differentiated products: The Boston fluid milk market channel (Research Report No. 74). Storrs, CT: University of Connecticut Food Marketing Policy Center. Retrieved October 22, 2007, from http://www.fmpc.uconn.edu/publications/rr/rr74. pdf
7. Cotterill, R.W., & Franklin, A. (2001). The public interest and private economic power: A case of study of the Northeast Dairy Compact (Monograph 1). Storrs, CT: University of Connecticut Food Policy Marketing Center. Retrieved January 8, 2008, from http://www.fmpc.uconn.edu/publications/ rr/rr74.pdf
8. Cotterill, R.W., & Samson, P. (2002). Estimating brand-level demand system for American cheese products to evaluate unilateral and coordinated market power strategies. American Journal of Agricultural Economics, 84(3), 817-823.
9. Deaton, A., & Muellbauer, J. (1980). An almost ideal demand system. American Economic Review, 70(2), 312-326.
10. Dixit, A.K., & Stiglitz, J.E. (1977). Monopolistic competition and optimum product diversity. American Economic Review, 67(3), 297-308.
11. Economagic. (n.d.). Economagic homepage. Retrieved November 8, 2007, from http://economagic.com
12. Hausman, J., Leonard, G., & Zona, J.D. (1994). Competitive analysis with differentiated products. Annales D?Economie et de Statistique, 34(2), 59-180.
13. Hellerstein, R. (2004). Who bears the cost of a change in the exchange rate? (Staff Report 179). New York: Federal Reserve Bank of New York.
14. Johnson, S.R., Stonehouse, D.P., & Hassan, Z.A. (1992). Market demand for dairy products. Ames, IA: Iowa State University Press.
15. Kim, D. (2004). Estimation of the effects of new brands on incumbents? profits and consumer welfare: The U.S. processed cheese market case. Review of Industrial Organization, 25, 275-293.
16. Kinoshita, J., Suzuki, N., Kawamura, T., Watanabe, Y., & Kaiser, H.M. (2001). Estimating own and cross brand price elasticities, and price-cost margin ratios using store-level daily scanner data. Agribusiness, 17(4), 515-525.
17. Kinoshita, J., Suzuki, N., & Kaiser, H.M. (2002). Explaining pricing conduct in a productdifferentiated oligopolistic market: An empirical application of a price conjectural variations model. Agribusiness, 18(4), 427-436.
18. Lass, D. (2005). Asymmetric response of retail milk prices in the Northeast revisited. Agribusiness, 21(4), 493-508.
19. Mojudszka, E., & Caswell, J. (2001). Consumer choice of food products and the implications for government policy. Agribusiness, 17(1), 81-104.
20. Nevo, A. (2000). A practitioner?s guide to estimation of random coefficients logit models of demand. Journal of Economics and Management Strategy, 9(4), 513-548.
21. Nevo, A. (2001). Measuring market power in the ready-to-eat cereal industry. Econometrica, 69(2), 307-342.
22. Spence, M. (1976). Product selection, fixed costs, and monopolistic competition. Review of Economic Studies, 43(2), 217-235.
23. Stone, R. (1954). Linear expenditure systems and demand analysis: An application to the pattern of British demand. Economic Journal, 64, 511-527.
24. Theil, H. (1965). The information approach to demand analysis. Econometrica, 33(1), 67-87.
25. Trade Dimensions. (2000). Market scope 2000: The desktop guide to supermarket share. Danbury, CT: Author.
26. U.S. Department of Agriculture Economic Research Service. (1998-2000). 1960-2006: Livestock, Dairy and Poultry Outlook, US Census Bureau Population Estimates. Retrieved October 21, 2007, from http://www.wisdairy.com/upload/ statistics/us-per-Capita-milk-sales-60-06.xls
27. U.S. Bureau of the Census. (1998-2000). Current Population Survey. March Supplements. Retrieved October 18, 2007, from http://dataferrett.census.gov/
28. U.S. Department of Energy. (1998-2000). Energy Prices and Trends. Retrieved October 26, 2007, from http://www.eia.doe.gov/emeu/aer/contents.html
29. U.S. Department of Labor. (1998-2000). Bureau of Labor Statistics. Wages, Earnings, and Benefits. Retrieved October 25, 2007, from http//www.Bls.gov/oes/ current/oes-ma.htm
30. U.S. General Accounting Office. (2001). Dairy Industry: Information on Milk Prices and Changing Market Structure. Retrieved October 17, 2007, from http://www.gao.gov/ new.items/d01561.pdf
31. Villas-Boas, S.B. (2007). Vertical contracts between manufacturers and retailers: Inference with limited data. Review of Economic Studies, 74(2), 625-652.