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Full-Text Articles in Social and Behavioral Sciences
Buyer Market Power And Vertically Differentiated Retailers, Shinn-Shyr Wang, Christian Rojas, Nathalie Lavoie
Buyer Market Power And Vertically Differentiated Retailers, Shinn-Shyr Wang, Christian Rojas, Nathalie Lavoie
Nathalie Lavoie
We consider a model of vertical competition where downstream firms (retailers) purchase an upstream input from a monopolist and are able to differentiate from each other in terms of quality. Our primary focus is to study the effects of introducing a large retailer, such as a Wal-Mart Supercenter, that is able to lower wholesale prices (i.e. buyer market power). We obtain two main results. First, the store with no buyer market power responds to the presence of the large retailer by increasing its quality, a finding that is consistent with recent efforts by traditional retailers to enhance shoppers’ buying experience …
Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie A. Caswell
Partial Implementation Of Cool: Economic Effects In The U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, Julie A. Caswell
Nathalie Lavoie
Mandatory Country of Origin Labeling (MCOOL) was implemented on seafood in the United States on April 4, 2005. MCOOL exempts the foodservice sector and excludes processed seafood from labeling. This paper contributes to understanding the economics of the MCOOL law for seafood by showing that current partial implementation may have unintended consequences on the domestic supply chain. While labeling satisfies the market demand for information provision in one market, exemptions in the other market may create incentives for the diversion of imports, which are assumed to be lower in quality than domestic seafood, to the non-labeled sector. Analyzing alternate scenarios …
Market Power In Direct Marketing Of Fresh Produce: Community Supported Agriculture Farms, Daniel A. Lass, Nathalie Lavoie, Robert T. Fetter
Market Power In Direct Marketing Of Fresh Produce: Community Supported Agriculture Farms, Daniel A. Lass, Nathalie Lavoie, Robert T. Fetter
Nathalie Lavoie
CSA farms establish a loyal customer base and, potentially, market power. A new empirical industrial organization (NEIO) approach and survey data from Northeast CSA farms are used to determine whether CSA farms have market power and the extent to which they exercise their market power. Results suggest CSA farms exert about two percent of their potential monopoly power.