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Registros recuperados: 9
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How Much Do Consumers Benefit from New Brand Introductions? The Case of Potato Chips AgEcon
Arnade, Carlos Anthony; Gopinath, Munisamy; Pick, Daniel H..
This study identifies consumer welfare from new brand introductions in the potato chip market. Price and variety effects of new brand introduction are measured by estimating a demand system underlying an expenditure function. Variety effects are positive in most cities, while price effects are generally negative when consumers exhibit some variety preference. Variety effects dominate price effects in most cities; an opposite effect observed in some cities may indicate high entry barriers or joint brand- and price-based marketing strategies. Results indicate that consumers and producers gain from product innovations, but substantial regional variation exists in the distributional effects of new brand introduction.
Tipo: Journal Article Palavras-chave: City-demand system; Compensating variation; Consumer welfare; New brands; Virtual prices; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2011 URL: http://purl.umn.edu/105529
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Estimation of the Effects of New Brands on Incumbents' Profits and Consumer Welfare: The U.S. Processed Cheese Market Case AgEcon
Kim, Donghun.
We estimate the effects of new brands on market competition and consumer welfare in the U.S. processed cheese market. We find that an observed increase in consumer welfare was attributable mainly to an increase in the number of brands in the sample market, while the price effect, which measures welfare change caused by adding new brands to existing brands, decreased welfare as the prices of the existing brands increased in a large portion of sample markets. The price increase was most pronounced among the introducer’s existing brands.
Tipo: Working or Discussion Paper Palavras-chave: Consumer welfare; Incumbents; New brands; Random coefficient model; Agribusiness; Consumer/Household Economics; Industrial Organization.
Ano: 2004 URL: http://purl.umn.edu/25192
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Consumer Preferences for Animal Welfare Attributes: The Case of Gestation Crates AgEcon
Tonsor, Glynn T.; Olynk, Nicole J.; Wolf, Christopher A..
Animal welfare concerns are having dramatic impacts on food and livestock markets. Here we examine consumer preferences for pork products with a focus on use of gestation crates. We examine underlying consumer valuations of pork attributes while considering preference heterogeneity as well as voluntary and legislative alternatives in producing gestation crate-free pork. Our results suggest that prohibiting swine producers from using gestation crates fails to improve consumer welfare in the presence of a labeling scheme documenting voluntary disadoption of gestation crates. Consumers are found to implicitly associate animal welfare attributes with smaller farms. Preference heterogeneity drives notably diverse consumer welfare impacts when pork produced with...
Tipo: Journal Article Palavras-chave: Animal welfare; Consumer welfare; Economics of legislation; Gestation crates; Pork; Swine; Voluntary labeling; Willingness to pay; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Industrial Organization; Livestock Production/Industries; Q11; Q13; Q18.
Ano: 2009 URL: http://purl.umn.edu/56658
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The Doha Round and Food Security in the Dairy Sector in Cameroon: A Global Simulation Model (GSIM) Approach AgEcon
Leudjou, Roland R..
In the framework of the new round of trade liberalization launched in Doha, paragraph 13 of the Development Declaration states that members will support special and differential treatment to accommodate development, including food security. This article simulates scenarios of multilateral tariff reduction from the WTO December 2008 draft modalities on agriculture for the Cameroon dairy sector. Using the Global Simulation Model, the analysis shows a substantial increase in world and domestic consumer prices, as the reduction of bound tariffs does not affect the applied tariffs given the high "binding overhang". As a consequence, consumers' welfare decreases.
Tipo: Article Palavras-chave: Consumer welfare; Dairy products; Domestic consumer prices; Global simulation model (GSIM); Multilateral tariff reduction; Agricultural and Food Policy; Community/Rural/Urban Development; Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Food Security and Poverty; Industrial Organization; Institutional and Behavioral Economics; International Development; International Relations/Trade; Political Economy.
Ano: 2012 URL: http://purl.umn.edu/123133
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EFFECTS OF THE SUSPENSION AGREEMENT: U.S.-MEXICO FRESH TOMATOES ANTIDUMPING CASE AgEcon
Jung, Jione.
This paper analyzes the effects of the suspension agreement of the U.S.-Mexico fresh tomatoes antidumping cases on U.S. consumers. A linear and dynamic version of an inverse almost ideal demand system is developed to estimate consumer behavior. The measure of consumer welfare – compensating and equivalent variations – is derived specifically for the inverse demand system. The variation of cross-price flexibilities obviously reduced since the minimum export price system came into effect, but consumer welfare does not seem to change much in the circumstance. The consumers’ budget share on domestic fresh tomatoes is likely to reduce and it suggests that the suspension agreement may not guarantee the profit of domestic producers either.
Tipo: Conference Paper or Presentation Palavras-chave: Tomato; Antidumping; Inverse demand; Consumer welfare; Demand and Price Analysis; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/49285
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How does it work for Hungarian food consumers? A medium-term analysis AgEcon
Szigeti, Judith; Podruzsik, Szilard.
The accession of Hungary to the European Union (EU) in 2004 was expected to lead to price convergence to the EU levels. The influence of national and EU policies on Hungarian producers and consumers is important as they were facing a new situation. Consumers’ welfare depends on the constantly altering world- and common market, and political actions. The purpose of this study is to analyse welfare changes and distributional impacts on Hungarian food consumers. The paper focuses on Laspeyres index, compensating variation and elasticities of demand.
Tipo: Journal Article Palavras-chave: Food consumption; Consumer welfare; Compensating variation; Price change; Elasticity; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/102400
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How Increased Food and Energy Prices Affect Consumer Welfare AgEcon
Huang, Kuo S.; Huang, Sophia Wu.
We analyze the consumer welfare effects of increased food and energy prices and find that the own-price elasticities of both food and energy are relatively inelastic, which explain well the dynamics of the recent soaring food and energy prices. The estimated demand elasticities are then used to analyze the consumer welfare effects of price changes in food and energy. The results indicate that an increase of food and energy prices would incur a substantial consumer welfare loss, which is a heavy burden for low income households.
Tipo: Conference Paper or Presentation Palavras-chave: Demand elasticity; Compensating variation; Consumer welfare; Demand and Price Analysis.
Ano: 2009 URL: http://purl.umn.edu/49199
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Effects of Carbon Policies and Technology Change AgEcon
MacAuley, Molly K.; Shih, Jhih-Shyang.
We develop and estimate an index-based measure of expected consumer welfare under various carbon emissions control policies in the electricity generation sector. This approach estimates welfare effects by a somewhat less data intensive methodology than econometric approaches or more complex modeling. We include anticipated technological change in the production of renewable and nonrenewable power generation during the next two decades. We estimate welfare improvements from 2000 to 2020 as renewable energy technologies continue to be improved and gradually adopted, compared with a counterfactual scenario allowing for continual improvement of nonrenewable generation technology. We formally incorporate uncertainty. We evaluate the model under alternative...
Tipo: Working or Discussion Paper Palavras-chave: Carbon emissions control; Electricity generation; Technological change; Consumer welfare; Environmental Economics and Policy; Q40; Q42; O33.
Ano: 2003 URL: http://purl.umn.edu/10620
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The Effect of the Sugar Program on the U.S. Economy: A General Equilibrium Analysis AgEcon
Boyd, Roy; Uri, Noel D..
This study examines the effect of the sugar tariff-rate import quota program on the U.S. economy. Based on a computable general equilibrium model, the analysis suggests that a complete elimination of the sugar program will reduce output for all producing sectors by about $2.85 billion. For producing sectors in addition to the agriculture-program crops, crude oil and petroleum refining sectors, output will increase by about $2.98 billion. Additionally, there will be an increase of about $197 million on $121 million in the consumption of goods and services and in welfare, respectively. The government sector realizes a reduction in revenue of about $15 million.
Tipo: Journal Article Palavras-chave: General equilibrium model; Consumer welfare; Sugar program; Tariff-rate quota; Agribusiness; International Relations/Trade.
Ano: 1993 URL: http://purl.umn.edu/62335
Registros recuperados: 9
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