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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.; Haller, Lawrence E.. |
This paper documents the extent of cooperative penetration into branded dairy product markets and presents case study evidence on competitive strategies in the skim/low fat milk, whole milk, cottage cheese, butter, margarine, and ice cream markets. We employ data for 51 local market areas from the Information Resources, Inc. "Supermarket Review" data base for 1988 and 1989. Using national data, we identify the twenty top brands (by volume sales) and all cooperatives that market one or more brands in each of the above categories, and report their national market shares, averages prices, number of local markets in which they are sold, and a summary of their local rankings. Using local data for selected brands, we graphically analyze how prices,... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Industrial Organization; Livestock Production/Industries; Marketing. |
Ano: 1994 |
URL: http://purl.umn.edu/25149 |
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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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Haller, Lawrence E.. |
This paper examines structural and strategic factors affecting price determination in the branded cottage cheese industry. Special emphasis is placed on the presence and conduct of cottage cheese brands marketed by dairy cooperatives. The data examined in this study cover cottage cheese sales in 47 markets for the fourth quarter of 1988. We find evidence supporting the premise that market power is being exercise in the cottage cheese market. One of the strongest influences of the price of cottage cheese is the extent of market penetration of the brand. Brands' prices rise with an increase in the price of private label cottage cheese. We also find strong evidence that cooperatives are not exercising market power. Cooperatives charge a lower price... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Livestock Production/Industries; Marketing. |
Ano: 1992 |
URL: http://purl.umn.edu/25208 |
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