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Provedor de dados:  AgEcon
País:  United States
Título:  Buyer Alliances as Countervailing Power in WIC Infant-Formula Auctions
Autores:  Davis, David E.
Data:  2012-05-24
Ano:  2011
Palavras-chave:  Auctions
Food assistance
Countervailing power
Buyer concentration
Oligopoly
WIC.
Consumer/Household Economics
Food Consumption/Nutrition/Food Safety
Industrial Organization
L13
D43
D44
Q18
I18
Resumo:  State WIC agencies in infant-formula procurement auctions receive lower bids and final prices when they are in buyer’s alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an auction to procure infant formula. Manufacturers bid on the right to be an agency’s sole supplier by offering a rebate on formula sold through WIC. A theoretical model of rebates shows that bidders may shade their bids and extract surplus from agencies. An empirical estimation shows that bids are lower to alliances suggesting that alliances countervail the power of bidders to extract surplus.
Tipo:  Working Paper
Idioma:  Inglês
Identificador:  http://purl.umn.edu/123863
Relação:  Agricultural and Applied Economics Association>2012 Annual Meeting, August 12-14, 2012, Seattle, Washington
Formato:  27
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