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Spatial Competition and Private Labels AgEcon
Richards, Timothy J.; Hamilton, Stephen F.; Patterson, Paul M..
Private labels, also known as store brands, are an important component of competitive strategy among multi-product retailers, as they can increase retailers’ power over suppliers in the vertical channel or facilitate horizontal differentiation among retailers. This paper seeks to identify the relative importance of each role, conditional on the location of both private labels and national brands of ice cream in attribute space. We find that retailers’ share of the total margin (retail price less production cost) is higher for private labels than national brands when retailers choose to imitate national brands with their own offerings.
Tipo: Journal Article Palavras-chave: Multi-product oligopoly; Nested logit; Private labels; Retailing; Spatial modeling; Industrial Organization.
Ano: 2010 URL: http://purl.umn.edu/93207
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Commodity Price Pass-Through in Differentiated Retail Food Markets AgEcon
Richards, Timothy J.; Allender, William J.; Pofahl, Geoffrey M..
Prices for nearly all basic commodity rose at unprecedented rates throughout early 2008, only to fall nearly as fast as financial markets and global economies began to collapse. Rising food prices in 2008 led to concerns that commodity price spikes would lead to more general food inflation, but by early 2009 interest focused more on the seeming inability of food prices to fall back down with commodity prices. This study provides an empirical investigation into the pass-through of commodity prices to retail prices for two different types of food products: potatoes and fluid milk. The results show that pass-through depends on the nature of the food in question, but is generally consistent with theoretical models of pricing by sellers of multiple,...
Tipo: Conference Paper or Presentation Palavras-chave: Commodity prices; Conduct; Industrial organization; Inflation; Market power; Nested logit; Pass-through; Random parameters model; Consumer/Household Economics; Demand and Price Analysis; Industrial Organization; C35; D12; D43; L13; L41; Q13.
Ano: 2010 URL: http://purl.umn.edu/61187
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Demand Under Product Differentiation: An Empirical Analysis of the US Wine Market AgEcon
Davis, Tim; Ahmadi-Esfahani, Fredoun Z.; Iranzo, Susana.
Oversupply has posed a number of problems for the Australian wine industry in recent times. When disaggregated from the industry level, however, the problem can be better described as a range of attribute-specific disequilibria. To date, solutions to this problem have predominantly revolved around reducing output through crop thinning or vine pulling. This paper proposes a different approach by suggesting that disequilibria may be reduced by gaining a better understanding of the demand for Australian wine. A discrete choice model of product differentiation is used to estimate the demand for wine in the United States, Australia's second largest export market. Implications of the analysis are explored.
Tipo: Conference Paper or Presentation Palavras-chave: Oversupply; Demand for wine; Product differentiation; Nested logit; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/10390
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Valuing Great Lakes Beaches AgEcon
Song, Feng; Lupi, Frank; Kaplowitz, Michael D..
This study aims to estimate the recreational use values of Great Lakes beaches using a two-level nested logit Random Utility Model. The choice set contains all 594 public Great Lakes beaches in Michigan. Beach sites located in the same Great Lakes water body are arranged into a nest. The trip data were obtained from a 2006 online survey using a web-panel of Michigan adults accessed through Survey Sampling International (SSI). The variables that affect the amount of utility derived from a particular site are the travel cost and site quality variables, which include beach length, days of beach advisory, and days of beach closure in 2006. We report the economic loss of permanently losing an individual beach site or a group of beach sites as well as benefits...
Tipo: Conference Paper or Presentation Palavras-chave: Great Lakes; Freshwater beaches; Non-market valuation; Travel costs model; Nested logit; Community/Rural/Urban Development; Q26; Q57.
Ano: 2010 URL: http://purl.umn.edu/61791
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The influence of psychographic variables on consumer preferences. The case of ethnic food in Spain AgEcon
Camarena-Gomez, Dena M.; Sanjuan, Ana Isabel.
In the last years, ethnic food has been successfully introduced in the Spanish market. In this research a choice experiment is conducted in order to investigate consumer’s preferences toward ethnic food and the influence of psychographic variables in consumer’s decisions. A nested logit model is employed for this purpose, with a two level nesting structure: the first decision is whether or not to consume ethnic food at all; and the second decision combines ethnic cuisine and the consumption situation. The experiment contemplates three cuisines, Mexican, Asian and Arab; and three consumption situations: restaurant, take away and preparation at home. Three psychographic variables are used to investigate the opt-out decision, which relate to the degree of...
Tipo: Conference Paper or Presentation Palavras-chave: Ethnic food; Choice experiment; Nested logit; Consumers; Psychographic variables; Agricultural and Food Policy.
Ano: 2009 URL: http://purl.umn.edu/57991
Registros recuperados: 5
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