Data/hora: 13/06/2024 00:56:16

Provedor de dados: | 31
País: | United States
Título: | MARKET-STRUCTURE DETERMINANTS OF NATIONAL BRAND-PRIVATE LABEL PRICE DIFFERENCES OF MANUFACTURED FOOD PRODUCTS
Autores: | Connor,   John M.; Peterson,   Everett B.
Data: | 2011-09-30
Ano: | 1991
Palavras-chave: | Agribusiness; Demand and Price Analysis.
Resumo: | This paper estimates the relationships between market structure and the Lerner index of monopoly constructed from price data on processed food products sold through grocery stores. A theoretical model of a differentiated oligopoly specifies two determinants of price-cost margins: the Herfindahl-Hirschman index of seller concentration adjusted for the elasticity of demand and the industry advertising-to-sales ratio. The results indicate that the three principal determinants of price-cost margin variation, in order of their impacts, are: advertising intensity, elasticity of demand, and concentration. Previous structure-performance studies that did not incorporate the elasticity of demand were probably misspecified.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/116099

Relação:

Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance

Working Paper

23

Formato: | 28