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Net Taxpayer Cost of WIC Infant Formula AgEcon
Levedahl, J. William; Reed, Albert J..
This paper combines expressions for infant formula retail price flexibilities of the contract brand with respect to the rebate and participant demand presented by Reed and Levedahl (2012)with historical data on rebates and participant demand to calculate how the magnitude of net taxpayer costs has been affected by changes in rebates and participant demand. These results are used to compare the relative impact of these variables on the net cost to taxpayers of WIC infant formula and to evaluate how effective sole-source contracts have been at containing taxpayer costs.
Tipo: Presentation Palavras-chave: Cost containment; Infant formula rebates; WIC participant demand; Sole-source contracts; Agricultural and Food Policy; Public Economics; Q11; Q18.
Ano: 2012 URL: http://purl.umn.edu/124073
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AN ECONOMIC MODEL OF WIC, THE INFANT FORMULA REBATE PROGRAM, AND THE RETAIL PRICE OF INFANT FORMULA AgEcon
Prell, Mark A..
This report develops an economic model that provides the theoretical framework for the econometric analyses presented in the report's companion volume, WIC and the Retail Price of Infant Formula (FANRR-39). The model examines supermarket retail prices for infant formula in a local market area, and identifies the theoretical effects of the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) and its infant formula rebate program. Special attention is given to the rebate program's sole-source procurement system by which a single manufacturer becomes a State's "contract brand"-the State's one supplier of formula to WIC infants-in exchange for paying rebates to WIC. When a manufacturer's brand is designated a State's contract brand,...
Tipo: Report Palavras-chave: WIC program; Infant formula; Cost containment; Rebates; Food package costs; Special Supplemental Nutrition Program for Women; Infants; Children; Child nutrition; Food assistance; Food Security and Poverty.
Ano: 2004 URL: http://purl.umn.edu/33879
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