| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
ESTIMATING MARKET POWER AND PRICING CONDUCT IN A PRODUCT-DIFFERENTIATED OLIGOPOLY: THE CASE OF THE DOMESTIC SPAGHETTI SAUCE INDUSTRY
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| Autores: |
Vickner, Steven S.
Davies, Stephen P.
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| Data: |
2003-01-29
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| Ano: |
1999
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| Palavras-chave: |
Market power
Oligopoly
Pricing conduct
Product differentiation
Marketing
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| Resumo: |
This paper develops a simultaneous-equations panel data econometric model to obtain point estimates of market power and pricing conduct in a representative product-differentiated, oligopolistic food market. The importance of this class of markets is recognized given its prevalence in the food and fiber system, especially for final consumer food products. The $1.3 billion domestic spaghetti sauce industry is featured. Although the results indicate firms exert limited market power, a portion of this power is derived from tacit price collusion. A higher degree of price collusion was found among brands within a market segment than between segments.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
6892
http://purl.umn.edu/15137
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 31, Number 01, April 1999
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| Formato: |
13
application/pdf
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