A Benefit-Function Approach to Studying Market Power: An Application to the U.S. Yogurt Market

This article provides a structural framework for studying the market performance of various food industries. It revisits the benefit-function approach to modeling demand and extends its application to the empirical industrial-organization literature. We illustrate the empirical value of our model in...

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Bibliographic Details
Main Authors: Vardges Hovhannisyan, Marin Bozic
Format: Article
Language:English
Published: Western Agricultural Economics Association 2013-08-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/157773