RETAIL OLIGOPOLY POWER AND FLUID MILK PRICES IN BOSTON
Benaissa Chidmi (),
Rigoberto Lopez () and
Ronald Cotterill ()
No 22107, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper assesses the independent and joint impacts of oligopoly power of market intermediaries and the Northeast Dairy Compact (NEDC) on fluid milk prices in Boston. Empirical results reveal that price increases due to oligopoly power far outweighed those caused by the NEDC by more than 10 times. In fact, markups are estimated at approximately 33% of the retail milk price, translating into approximately $1/gallon overcharge at 2002 milk prices averaging around $3/gallon.
Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22107
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