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| Registros recuperados: 61 | |
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| Cotterill, Ronald W.; Putsis, William P., Jr.. |
| Formulating theoretical models inevitably requires various simplifications that assist in making analysis tractable and that facilitate deriving closed form solutions. While the strategic insights gained from theoretical models of market phenomena are often quite valuable, testing the theoretical assumptions made in these models can aid in assessing the broader applicability of the conclusions drawn. This is particularly true in the channels area, where the focus of research to date has largely been theoretical in nature. In an initial attempt to examine some of the assumptions made in previous theoretical research (e.g., Jeuland and Shugan 1983, McGuire and Staelin 1983, Choi 1991, Raju, Sethuraman and Dhar 1995), we focus on a limited set of issues.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Pricing; Channels; Private labels; Competitive strategy; Demand and Price Analysis; Industrial Organization. |
| Ano: 1998 |
URL: http://purl.umn.edu/25211 |
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| Cotterill, Ronald W.; Haller, Lawrence E.. |
| This research report is the econometric analysis of product market definition and unilateral market power that the senior author presented as expert economic witness for the state of New York in State of New York v. Kraft General Foods et al. at trial in September 1994. It is the first, and to date as of September 1997, only full-scale attempt to present in a federal district court analysis of a mergers impact using scanner generated brand level data and econometric techniques to estimate brand and category level elasticities of demand. The court rejected this analysis [State of New York v. Kraft General Foods, 926 F. supp. 358 (S.D. N.Y. 1995)]. We think that it should not have done so, and would like to make this work more readily available than the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; Industrial Organization. |
| Ano: 1997 |
URL: http://purl.umn.edu/25218 |
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| Cotterill, Ronald W.. |
| This article documents the need for reform of milk pricing in the Northeast. The New York price gouging law can be recast as a fair share law. This new milk policy "kills two birds with one stone." It corrects regional inequities in raw milk pricing by reforming the pricing of milk at retail by limiting and redistributing excessive retail margins to farmers and consumers. The fair share policy relieves allocative price inefficiency, improves the performance of the federal milk market order pool, and improves the general performance of the Northeast dairy farming and fluid milk industries. |
| Tipo: Journal Article |
Palavras-chave: Market power; Bargaining; Over-order premiums; Fair share pricing; Livestock Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/10211 |
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| Peterson, Everett B.; Cotterill, Ronald W.. |
| Measuring the degree of price coordination between firms in a differentiated products industry is particularly challenging because it is necessary to utilize a demand system that is sufficiently flexible, allows the imposition of theoretical restrictions, and allow for the derivation of the functional form of the corresponding price reaction functions. Previous research has relied on restrictive demand systems in order to maintain the tractability of the price reaction functions. The purpose of this paper is determine whether using more flexible demand systems can yield a set of first-order profit maximization conditions that are mathematically tractable and amendable to estimation. The demand systems considered are the Almost Ideal Demand System (AIDS),... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1998 |
URL: http://purl.umn.edu/25159 |
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| Canan, Basak; Cotterill, Ronald W.. |
| In an imperfectly competitive industry, differentiated products compete with each other with price rather than quantity as the strategic variable. Several previous studies have employed a generalized Nash Bertrand model: Liang (1989), Cotterill (1994), Cotterill, Putsis and Dhar (2000), and Kinoshita, Suzuki, Kawamura, Watanabe and Kaiser (2001); however, only Liang has explored the theoretical foundations of that model. This paper generalizes the Liang two good model to three goods. A surprising and important result follows. Price conjectural variations do not exist in models with 3 or more goods. Price reaction functions, however, exist in multiple good models. We estimate them jointly with a brand level demand system to evaluate the total impact of a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Oligopoly; Price conjectural variations; Brand level demand elasticities; Focal point collusion; Demand and Price Analysis; Industrial Organization; Livestock Production/Industries. |
| Ano: 2005 |
URL: http://purl.umn.edu/25158 |
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| Cotterill, Ronald W.; Dhar, Tirtha Pratim; Franklin, Andrew W.. |
| This study was provided to the staff at the Federal Trade Commission in October, 1999. It expands the analysis of divestitures that was presented in an April 1999 report to the FTC (An Antitrust Economic Analysis of the Proposed Acquisition of Supermarkets General Holdings Corporation by Ahold Acquisition Inc., Food Marketing Policy Center Research Report No. 46). The earlier study focused on market share changes in divested markets. This study examines price conduct. In December 1999, Royal Ahold withdrew its tender offer citing a new and tougher level of enforcement by the Federal Trade Commission. Piecemeal divestitures that sought to preserve competition in local market areas are now recognized as inadequate. The momentum of acquirers in local markets... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Demand and Price Analysis; Industrial Organization. |
| Ano: 1999 |
URL: http://purl.umn.edu/25198 |
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| Cotterill, Ronald W.. |
| This report identifies a research and policy agenda that can contribute to rural development and antipoverty initiatives during the 1990s. It integrates a discussion of private initiatives for rural development into a broader discussion of the issues. Two theories of underdevelopment and poverty, one motivational and the other structural, serve as a basis for defining quite different research and policy agendas. To provide some closure of these divergent approaches, it is argued herein that economists must more rigorously examine the philosophical and political economic foundations of their theories. One reason this is needed is that recent contributions to the theory of public choice rehabilitate the classical economic argument for minimal state... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development. |
| Ano: 1989 |
URL: http://purl.umn.edu/25180 |
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| Cotterill, Ronald W.. |
| This paper is an essay in political economy. It defines globalization and discusses its key role in economic development over the past two centuries as well as today. Globalization may have broadened markets, thereby affecting the nature of competition within those larger markets, or it may have simply introduced more trade or foreign direct investment to existing markets. One conclusion is that there is no global market for high value food, or for any particular high value food. To date the impacts of multinational firms in political forums at the state, regional or national as well as the global level have been in many instances as important as their impacts on economic markets. Issues and concerns discussed range from general observations on governance... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Development; International Relations/Trade; Political Economy. |
| Ano: 2003 |
URL: http://purl.umn.edu/25206 |
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| Cotterill, Ronald W.; Harper, C. David. |
| This study analyzes supermarket firm prices to determine whether prices are related to market structure and whether the Demsetz quality critique is valid. Factor analysis is used to identify five service factors that are modeled with price as endogenous variables in a simultaneous equations framework to test whether a more concentrated market structure is related to higher service levels which, in turn, are related to higher prices (the Demsetz hypothesis) and whether a more concentrated market structure is directly related to higher price (market power hypothesis). For this study of supermarkets in 34 local markets in six southwestern states, market share and concentration are not significantly related to any service factors. Concentration has a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; Industrial Organization. |
| Ano: 1994 |
URL: http://purl.umn.edu/25185 |
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| Cotterill, Ronald W.. |
| This paper presents a unique empirical analysis of Salop and Scheffmans raising rivals cost theory of predation. The cost efficiency of cooperative wholesaling organizations including the nations largest, Wakefern Food Corporation, are highly susceptible to throughput volume. The Royal Ahold/Pathmark offer to purchase Wakeferns largest member via a bankruptcy proceeding that attempted to supercede its membership contract, if consummated, would have reduced Wakeferns volume by 13 percent. It also would have triggered a domino effect of other member exits because it would have raised the costs of supplying remaining members. This report marshals the available empirical evidence to demonstrate that the predatory move by Royal Ahold and Pathmark would most... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Predation; Market power; Wholesale concentration; Cost efficiency; Industrial Organization. |
| Ano: 2002 |
URL: http://purl.umn.edu/25216 |
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| Cotterill, Ronald W.. |
| In early 2002, the Royal Ahold subsidiary, Stop & Shop Supermarkets, offered to purchase the Big V supermarket chain, which was in bankruptcy court after three successive, unsuccessful leveraged buyouts over the past ten years. At a later date, Pathmark Supermarkets joined the offer to purchase. Big V was Wakefern Food Corporations largest member. The acquisition was a horizontal merger in at least three local markets, Newburgh NJ, Poughkeepsie NY, and Trenton NJ. This research was conducted for the Wakefern Food Corporation who provided much of the underlying data and information. We presented this report to the Bureau of Competition, Federal Trade Commission in March 2002 and to the New Jersey and New York Attorney Generals, Antitrust Section in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Horizontal merger; Market power; Predation; Agribusiness; Industrial Organization. |
| Ano: 2002 |
URL: http://purl.umn.edu/25194 |
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| Registros recuperados: 61 | |
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