ESTIMATING MARKET POWER AND PRICING CONDUCT IN A PRODUCT-DIFFERENTIATED OLIGOPOLY: THE CASE OF THE DOMESTIC SPAGHETTI SAUCE INDUSTRY

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dc.creatorVickner, Steven S.
dc.creatorDavies, Stephen P.
dc.date2017-04-01T19:17:17Z
dc.date.accessioned2026-07-09T03:13:10Z
dc.descriptionThis paper develops a simultaneous-equations panel data econometric model to obtain point estimates of market power and pricing conduct in a representative product-differentiated, oligopolistic food market. The importance of this class of markets is recognized given its prevalence in the food and fiber system, especially for final consumer food products. The $1.3 billion domestic spaghetti sauce industry is featured. Although the results indicate firms exert limited market power, a portion of this power is derived from tacit price collusion. A higher degree of price collusion was found among brands within a market segment than between segments.
dc.identifierdoi:10.22004/ag.econ.15137
dc.identifierhttps://ageconsearch.umn.edu/record/15137/files/31010001.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/15137
dc.identifier.urihttp://hdl.handle.net/123456789/528672
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/15137
dc.titleESTIMATING MARKET POWER AND PRICING CONDUCT IN A PRODUCT-DIFFERENTIATED OLIGOPOLY: THE CASE OF THE DOMESTIC SPAGHETTI SAUCE INDUSTRY
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