Supermarket fluid milk pricing practices in the Western United States
Article Abstract:
The retail milk pricing by supermarkets and marketing margin behavior for four fluid milk products in nine large metropolitan markets in the Western US are analyzed using multiple empirical approaches. The analyses shows that there is a direct relationship between farm and retail milk prices for both farm price increases and decreases and the estimated retail price responses to farm price changes are consistent with monopoly pricing behavior for many of the milk products in several of the markets.
Publication Name: Agribusiness
Subject: Business
ISSN: 0742-4477
Year: 2005
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Retail oligopoly power, Dairy Compact, and Boston milk prices
Article Abstract:
The impacts of the Northeast Dairy Compact (NEDC) and retail oligopoly power on fluid milk prices in Boston are assessed. The results have shown that price increases due to oligopoly power outweighed those caused by the NEDC by nearly seven times and the new milk income-loss contract program has contributed to low raw milk prices, which have provided substantial benefits to milk processors and retailers, modest benefits to farmers and consumers, all at the expanse of taxpayers.
Publication Name: Agribusiness
Subject: Business
ISSN: 0742-4477
Year: 2005
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The impact of the Northeast Diary Compact on New England consumers: A report from the milk policy wars
Article Abstract:
A comparative analysis of three different economic studies that played major roles in the policy debate over the Compact and its impact on New England consumers are presented. The analysis shows that the Compact did not increase the consumer prices but limited the ability of market channel firms to capture large increases in their profits at the expense of farmers when the raw fluid milk price drops.
Publication Name: Agribusiness
Subject: Business
ISSN: 0742-4477
Year: 2005
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