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| Registros recuperados: 39 | |
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| Shi, Guanming; Stiegert, Kyle W.; Chavas, Jean-Paul. |
| In this paper, we investigate substitution/complementarity relationships among products sold with different bundled characteristics and under different vertical arrangements. Our conceptual model demonstrates the interactive price impacts emanating from product differentiation, market concentration and market size. The model is applied to the U.S. cottonseed market using transaction level data from 2002 to 2007. This market has been impacted structurally in numerous ways due to the advances and the rapid adoption of seeds with differing bundles of biotechnology traits and vertical penetration emanating from the biotechnology seed industry. Several interesting findings are reported. The econometric investigation finds evidence of sub-additive pricing in the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing; Research Methods/ Statistical Methods. |
| Ano: 2009 |
URL: http://purl.umn.edu/92248 |
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| Shi, Guanming; Chavas, Jean-Paul; Stiegert, Kyle W.. |
| 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... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Demand and Price Analysis. |
| Ano: 2008 |
URL: http://purl.umn.edu/92212 |
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| Shi, Guanming; Chavas, Jean-Paul; Stiegert, Kyle W.. |
| This paper investigates the pricing of patented traits in the U.S. hybrid corn seed market 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-Hirschman 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 subadditive bundle pricing. The econometric estimates show how changes in market structures (as measured by both own- and cross-Herfindahl... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing; Research Methods/ Statistical Methods. |
| Ano: 2009 |
URL: http://purl.umn.edu/92249 |
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| Cai, Xiaowei; Stiegert, Kyle W.. |
| Cartel operations still exist worldwide despite the recent development and enforcement of antitrust laws in scores of countries that previously had no such legal framework. Since 1990, 283 international cartels were discovered by antitrust authorities around the world (Connor 2003). According to a 1990s' sample of U.S. Department of Justice and European Commission prosecuted cases, the discovered cartels operated in a wide variety of industries such as chemicals, metals, paper products, transportation, communication, food, textiles and services (OECD 2002). Were it not for the efforts to deter cartels by the antitrust agencies, there would likely have been many more such arrangements (Connor 2005). The presence and societal impacts of domestic and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cartel; Dissolution; Antitrust; Market Uncertainty; Industrial Organization. |
| Ano: 2010 |
URL: http://purl.umn.edu/61297 |
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| Parcell, Joseph L.; Stiegert, Kyle W.. |
| Discounts and premiums for wheat quality factors at a specific location can be affected by the quality of wheat at other locations. We estimate the effects of protein and test weight levels of Kansas hard red winter and North Dakota dark northern spring wheat on the protein and test weight premiums of each other. Additionally, we determine the effect on premiums of protein and test weight and discounts of shrunken/broken and damaged kernels at different locations within each region from changes in wheat qualities at other locations within the same region. Results indicate that spatial competition was important for protein and test weight, both between the two wheat regions and within the same region. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1998 |
URL: http://purl.umn.edu/31188 |
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| Reimer, Jeffrey J.; Stiegert, Kyle W.. |
| Strategic trade theory shows that government intervention in markets with small numbers of traders can boost the welfare of a country relative to free trade. This survey critically assesses the empirical evidence regarding this possibility. One finding is that while many international food and agricultural markets are characterized by oligopoly, price-cost markups tend to be small, and the potential gains from intervention are modest at best. In turn, existing government interventions such as agricultural export subsidies are generally not optimal in a strategic trade sense. The evidence suggests that oligopoly by itself is not a sufficient rationale for deviating from free trade in international markets. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Industrial Organization. |
| Ano: 2006 |
URL: http://purl.umn.edu/12609 |
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| Stiegert, Kyle W.; Ardalan, Archie Amir; Marsh, Thomas L.. |
| This study utilized intra-firm, socio-cultural, geographical-proximity, and political-stability variables to explain bimodal foreign direct investment (FDI) patterns by agri-food and beverage multinational companies into and within the European Union. A logit framework incorporated a unique-count database of firm-level investment patterns from 1987–1998. The results showed the 1992 structural changes under the Maastricht Treaty increased the probability of wholly owned FDI modes such as greenfields and buyouts. The model also found that past modal strategies of firms, language barriers, and exchange-rate volatility all correctly explained modal investment patterns. The results provide important contributions toward understanding modal investment strategies... |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/7067 |
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| Hamilton, Stephen F.; Richards, Timothy J.; Stiegert, Kyle W.. |
| The effect of advertising on market performance has been a long-standing debate. Advertising that increases the dispersion of consumers’ valuations for advertised goods raises the market power of firms, while advertising that decreases the dispersion of consumers’ valuations leads to narrower price-cost margins and superior performance in markets for advertised goods. Numerous challenges confound the empirical identification of advertising effects on market performance. This paper proposes a simple method that relies on the revealed preferences of firms participating in generic advertising programs. Generic advertising programs provide a unique window through which to observe advertising effects on market performance, because changes in the dispersion of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Advertising; Oligopoly; Marketing; L1; M37. |
| Ano: 2009 |
URL: http://purl.umn.edu/49187 |
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| Registros recuperados: 39 | |
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