Market Structure, Price Pass-Through and Welfare with Differentiated Products

Donghun Kim

No 25157, Research Reports from University of Connecticut, Food Marketing Policy Center

Abstract: There is considerable literature on price pass-through modeling. This literature has focused on pass-through of cost shocks for homogenous products. To get results with the homogenous products case, empirical implementation has required the maintained hypothesis of competition, or agreement, in quantity modeling. A major contribution of this paper is modeling pass-through for a differentiated products market under the maintained hypothesis of price competition or price agreement. We estimate a mixed logit model for U.S processed cheese market using unbalanced panel data and implement a price pass through simulation and related consumer welfare analysis under different regimes of competition.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Pages: 24
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uconnr:25157

DOI: 10.22004/ag.econ.25157

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