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Vertical competition between manufacturers and retailers and upstream incentives to innovate and differentiate AgEcon
Venturini, Luciano.
Vertical competition, namely competition between retailers' store brands (or private labels) and manufacturers' brands has become a crucial factor of change of the competitive environment in several industries, particularly in the grocery and food industries. Despite the growing literature on the determinants of the phenomenon, one topic area regarding the impact of vertical competition on the upstream incentives to adopt non-price strategies such as product innovation as well as horizontal and vertical product differentiation has so far received little attention. An idea often put forward is that the increasing bargaining power of retailers and higher vertical competitive pressures can have negative effects on such incentives by lowering manufacturers'...
Tipo: Conference Paper or Presentation Palavras-chave: Vertical competition; Store brands; Delisting; Optimal advertising; Industrial Organization.
Ano: 2006 URL: http://purl.umn.edu/10050
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COUNTERVAILING POWER AND ANTITRUST POLICY IN THE FOOD SYSTEM AgEcon
Venturini, Luciano.
Recent contributions to the issue of countervailing power have formally demonstrated that imperfectly competitive market structures in retailing have different welfare implications from those hypothesized by Galbraith (1952) according to which increasing concentration in retailing may offer social benefits. Recent works in this area show that greater concentration at the retail level may afford retailers a simultaneous increase in both their buying and selling power. Whilst the former improves their relative bargaining position, the latter allows for increased price-cost margins. This recent literature suggests that retailing concentration may have a negative impact on consumer welfare since the effect of increased price-cost margins is sufficiently...
Tipo: Conference Paper or Presentation Palavras-chave: Industrial Organization.
Ano: 1998 URL: http://purl.umn.edu/14489
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COMMENTS ON THE CONVERGENCE HYPOTHESIS AgEcon
Venturini, Luciano.
Tipo: Conference Paper or Presentation Palavras-chave: Food industry; Technology; European Union; Market convergence; Agribusiness.
Ano: 1997 URL: http://purl.umn.edu/25951
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Food and Health: A European Perspective AgEcon
Venturini, Luciano.
This paper addresses four issues which arise from increasing concerns about overweight and obesity in European countries. First, we explore the main stylized facts of the phenomenon. We show that although Europeans are not obese like Americans, there is robust evidence that adult and childhood obesity rates tend to increase substantially in many European countries. The second part of the paper surveys the recent theoretical literature on the economics of obesity. In particular, we focus on the debate about the merits and limits of public policies in this area. This paper presents an alternative perspective from that suggested by the rational-choice approach according to which government intervention is not necessary. We emphasize the potential positive...
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety; Health Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/6684
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The Globalization of Food Systems: A Conceptual Framework and Empirical Patterns AgEcon
Senauer, Benjamin; Venturini, Luciano.
This paper discusses a number of stylized facts and empirical patterns regarding agri-food trade flows as well as foreign direct investments in food processing and retailing. This evidence supports the hypothesis of an increasingly global food system. We identify the main factors at work such as push/supply side, pull/demand-side, and enabling/external factors. We show how the shift from national to global retailing is a recent phenomenon whose relevance for the globalization of upstream sectors of the food system are not yet appropriately addressed. Broadly, we argue that while the process of food globalization has long been regarded as a process largely dominated by the internationalization of food manufacturing, the emergence of global retailers is a...
Tipo: Working or Discussion Paper Palavras-chave: Globalization; Global food system; Food manufacturers; Global food retailing; Industrial Organization; International Relations/Trade; Marketing.
Ano: 2005 URL: http://purl.umn.edu/14304
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THE FOOD SYSTEM IN TRANSITION: AN E.U. PERSPECTIVE AgEcon
Venturini, Luciano.
The purpose of this paper is to analyze the nature and the main dimensions of the transition in European food systems. We examine the main stylized facts in the evolution of food final demand as well as the structural changes and firms' strategies at different stages of food systems. We find the existence of a process of convergence towards an EU food system. Such a process is the result of two main determinants. First, there is a convergence towards a common European consumer who increasingly demands a variety of healthier food products and reveals growing concerns for food safety issues. A second crucial factor is the role played by food retailers in determining the convergence of European competitive environments. We show that retailers' consolidation...
Tipo: Working or Discussion Paper Palavras-chave: Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/14362
Registros recuperados: 6
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