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| Registros recuperados: 61 | |
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| Cotterill, Ronald W.; Haller, Lawrence E.. |
| De novo entry by the top 20 U.S. supermarket chains into local markets is examined using Tobit analysis. We find that entry is related to potential entrants' proximity to the local market, market growth, concentration, the number of large chains that are incumbents in the local market, and the competency of potential entrants as measured by their recent internal expansion rate. With regard to competing theories that relate strategic entry barriers to entry patterns, different components of the analysis provide support for different hypotheses. However, the most general model provides little support for the contestability or Chicago efficiency rent hypotheses. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization. |
| Ano: 1991 |
URL: http://purl.umn.edu/25226 |
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| Cotterill, Ronald W.. |
| This research report is based upon the author's testimony before the Subcommittee on Monopolies and Commercial Law, Committee of the Judiciary, U.S. House of Representatives, on May 11, 1988. Tabulated data from the Bureau of Census and industry publications indicate that seller concentration for grocery stores and supermarkets in local Standard Metropolitan Areas (SMA) markets is increasing. Unless merger enforcement policy is tightened, horizontal mergers will accelerate this trend. This conclusion is based upon two facts: the F.T.C. finds market shares in excess of 50 percent acceptable; and very few of the nations' more than 250 SMA's are now served by such dominant firms. Research on entry barriers and seller concentration-price relationships in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization. |
| Ano: 1989 |
URL: http://purl.umn.edu/25214 |
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| Chidmi, Benaissa; Lopez, Rigoberto A.; Cotterill, Ronald W.. |
| This paper applies the BLP approach to the demand for ready-to-eat cereals (RTECs) at the supermarket-chain level in Boston using IRI monthly data. The Random Coefficient Model is used to estimate the demand for 37 brands of RTECs at the leading supermarkets in the Boston area. The empirical results provide a wealth of consumer behavior information, including own- and cross-price elasticites for 37 brands of RTECs at four leading supermarkets in Boston. The demand for RTECs is generally price elastic (ranging between -3 and -8). Consumers respond positively and strongly to promotion, negatively and strongly to price, calories and fiber, and weakly to sugar content. Income has a strong interactive effect with product characteristics and thus is a useful... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/19236 |
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| Cotterill, Ronald W.. |
| This research report provides a comprehensive description of the organization and performance of the food retailing industry. During the 1980s, the industry's operations and financial structure were dramatically altered by mergers and leveraged buyouts. Thus, it provides an excellent case for the study of "market for corporate control" theories that expect "good" management to take over "bad" management, thereby increasing the economic efficiency of an industry. The merger and leveraged buyout (LBO) wave in food retailing undoubtedly did benefit stock holders; however, a more efficient allocation of resources was not the primary source of these gains. Mergers and LBOs contributed to the trend towards fewer, larger supermarkets owned by large chains.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization. |
| Ano: 1991 |
URL: http://purl.umn.edu/25217 |
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| Dhar, Tirtha Pratim; Chavas, Jean-Paul; Cotterill, Ronald W.. |
| This paper develops an analysis of markets for differentiated products. It relies on the concept of latent separability for consumer preferences. As proposed by Blundell and Robin, latent separability assumes that purchased products are allocated in the production of latent intermediate utility-yielding goods. Product differentiation can arise when each product makes a different contribution to the production of the latent goods. Latent separability is particularly attractive in the investigation of markets for branded products where the number of brands is large. It allows focusing on the demand for a smaller number of latent goods. Our approach is based on a quadratic almost ideal demand system (Q-AIDS), which provides a flexible representation of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/21892 |
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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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| Cotterill, Ronald W.. |
| This research report responds to the comprehensive critique of structure-price and structure profit studies in the food retailing industry by Keith Anderson, Staff Economist, Federal Trade Commission. Mr. Anderson's critique was in response to a request from certain members of the House Subcommittee on Monopolies and Commercial Law that the Federal Trade Commission explain why these studies should not serve as the basis for more rigorous enforcement of the antitrust laws. The introduction of this research report examines the evolution of this debate since the May 1988 hearings. Then Anderson's specific criticisms of the prior studies are addressed. The final section of this report contains some additional comments on Mr. Anderson's position, and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization. |
| Ano: 1991 |
URL: http://purl.umn.edu/25154 |
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| Registros recuperados: 61 | |
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