Market Structure, Cost Pass-Through and Welfare with Differentiated Products

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概要

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• In this paper, we estimate a mixed logit model for the U.S. processed cheese market and implement cost pass-through simulations and related consumer welfare analysis under different regimes of competition. In the model, the curvature of demand is determined to a significant extent by the empirical distribution of consumers. This property reduces the prediction errors of cost pass-through caused by an erroneous assumption as to the functional form of demand. We find that, under collusion, the pass-through rates for all brands fall between 23% and 37% and under Nash price competition, the range of pass-through is 67% ~ 98%.

• 国際大学の論文

著者

• Kim Donghun

  International Development Program Graduate School Of International Relations International Universit

• Kim Donghun

  International Development Program Graduate School Of International Relations International Universit

• Cotterill Ronald

  Department of Agricultural and Resource Economics,University of Connecticut

• Cotterill Ronald

  Department Of Agricultural And Resource Economics University Of Connecticut

関連論文

• Measuring Market Power in a Dynamic Oligopoly Model : The Dallas-Forth Worth Milk Market Case
• Market Structure, Cost Pass-Through and Welfare with Differentiated Products

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