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An Analysis Of Factors Affecting Bid Of Infant-Formula Manufacturers In Wic Rebate Auctions, Raymond Opoku
An Analysis Of Factors Affecting Bid Of Infant-Formula Manufacturers In Wic Rebate Auctions, Raymond Opoku
Electronic Theses and Dissertations
This thesis investigates the factors that affect bid decisions of infant-formula manufacturers in WIC rebates auctions. Since its inception in 1972, the WIC program has served more than half of participating women and their infants each year. Today, Infant formula - the most expensive food item on the WIC menu - is accessible to all participants for free through the WIC rebate program. Through the rebate program, firms submit bids to solely supply their infant formula to a state WIC agency at a discount leading to fall in net prices. Yet, the firms in the infant formula market are selective …