| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Retail Prices for Milk by Fat Content: A New Theory and Empirical Test of Retailer Pricing Behavior
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| Autores: |
Xia, Tian
Sexton, Richard J.
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| Data: |
2009-10-29
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| Ano: |
2009
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| Palavras-chave: |
Differential costs
Horizontal differentiation
Milk
Oligopoly
Retail pricing
Demand and Price Analysis
Livestock Production/Industries
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| Resumo: |
We study a heretofore unexamined type of product differentiation, horizontally differentiated products with differential costs, and apply the analysis to retail pricing of fluid milk products. The theoretical models yield unique predictions for the relationship among prices of the four horizontally differentiated fluid milk products (skim, 1%, 2%, and whole milk) and the impacts of butterfat and nonfat milk costs on prices, depending upon the form of retail competition. An empirical analysis of retail milk pricing for four major cities in California enables tests to be conducted of which form of behavior best characterizes grocery retailing in these cities.
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| Tipo: |
Report
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/54546
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| Relação: |
Journal of Agricultural and Resource Economics>Volume 34, Number 2, August 2009
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| Formato: |
20
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