Ohio school milk markets: an analysis of bidding

Article Abstract:

The institutional details of the Ohio school milk procurement process, bidding data, supply characteristics and testimony of some dairy executives during the 1980s are investigated. By comparing the bidding behavior of a group of Cincinnati-based dairies to a control group, it is found that the behavior of each dairy differs from that of the control group. Further, the evidence shows that the bidding behavior of the accused dairies was consistent with collusion than with competition.

Fluid Milk & Cream, Fluid Milk Manufacturing, Fluid milk, Cases, Contracts, Schools, Dairy industry, Dairy products industry, Ohio, Letting of contracts, Competitive bidding, School milk programs

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Demand and supply in new markets: diffusion with bilateral learning

Article Abstract:

The endogenous joint evolution of demand and supply in new markets was shown to follow a Bayesian distribution, as shown by firm and consumer behavior in reaction to the the activities of other firms and consumers. The informational diffusion was shown to follow an S-shaped distribution path, with the entry revealing clues to the value of the new product to consumers and consequently affecting the products expected profitability with the information diffusion.

Market Targeting & Approach, New products, Product introduction, Market strategy, Supply and demand

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An empirical model of pricing, market share and market conduct: an application to import competition in US manufacturing

Article Abstract:

A new empirical model of pricing, market share and market conduct for a differentiated products industry has been proposed. It has applications to import competition for manufacturing in the US. Variable elasticity of firm demand is one of the properties of the model, meaning that as a company's market share goes up, it encounters more and more inelastic demand.

Pricing, Imports, Elasticity (Economics)

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