This paper examines the relationship of 1987 retail grocery prices to supermarket sales concentration across 95 U.S. metropolitan areas. The regression model incorporates a large number of population, retail-cost, and retail competition factors and separate prices by type of grocery item. We...

This study identifies the determinants of coupon values at the brand level using a framework developed from price discrimination theory and the principles of demand. Couponing is considered within the context of a complex marketing program in which it is coordinated with other non-price...

This paper surveys hundreds of published social-science studies of private, hard-core cartels that contain 699 observations of long-run overcharges. The primary finding is that the median cartel overcharge for all types of cartels over all time periods is 25%: 19% for domestic cartels, 32% for...

This study identifies the determinants of coupon values at the brand level within the context of a complex marketing program. A two-equation, fixed-effects, panel-data model accounts for the bidirectional causality between brand prices and discount levels. The empirical model is fitted with data...

Ownership form has strong implications for firm performance and the nature of competition in a market. Whereas there are differences across ownership forms on high levels of aggregation, the most obvious effects of ownership become visible when samples of establishments are observed at a more...

While researchers in marketing have analyzed the functions of coupons in depth, they have largely ignored the determinants of their face values. This gap in the literature may be traced to data constraints. The objective of this study is to develop and test a model that explains the determinants...

Statistical testing of market structure-economic performance relationships began with an article by Joe Bain published in 1951. Estimating market structure-performance relationships usually requires some conduct assumptions prior to empirical testing. Consequently, one notable problem in...

The paper discusses trends in ownership concentration in three principal stages of the food system: food retailing, food manufacturing, and selected inputs purchased by agricultural producers and by food processors. In each of these levels, the available information from North America, Western...

In a paper published in the Journal of Economic Perspectives in the fall of 2003, Robert Crandall and Clifford Winston all but call for the repeal of the Nation's antitrust laws. Their qualifications to make such a radical proposal are in doubt, but more importantly their purported review of...

This paper presents and analyses economic data on 167 international cartels that were discovered by antitrust authorities after January 1990. The median cartel had five corporate members and generated $1.2 billion in sales during the collusive period. Nearly 40% of affected sales occurred in the...