Data/hora: 09/06/2024 15:32:23

Provedor de dados: 	31	
País: 	United States	
Título: 	An Analysis of Bundle Pricing: The Case of the Corn Seed Market	
Autores: 	Shi,   Guanming; Chavas,   Jean-Paul; Stiegert,   Kyle W.	
Data: 	2010-07-21	
Ano: 	2008	
Palavras-chave: 	Agribusiness; Demand and Price Analysis.	
Resumo: 	This paper investigates bundle pricing under imperfect competition. In a multiproduct context, we first examine how substitution/complementarity relationships among products can affect pricing. This is used to motivate multi-product generalizations of the Herfindahl-Hirschmann index (GHHI) capturing cross-market effects of imperfect competition on bundle pricing. The GHHI model is applied to pricing of conventional and patented biotech seeds in the US from 2000-2007. One major finding is that standard component pricing in biotech traits is soundly rejected in favor of sub-additive bundle pricing. This result is consistent with the presence of scope economies in the production of genetic traits. The econometric estimates show how changes in market structures (as measured by both own- and cross-Herfindal indexes) affect U.S. corn seed prices.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/92212	
Relação: 	University of Wisconsin-Madison&gt;Department of Agricultural and Applied Economics&gt;Staff Papers

Staff Paper Series

529	
Formato: 	42