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

Donghun Kim

No 80, Food Marketing Policy Center Research Reports from University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy

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: Market Structure; Price Pass-Through; Consumer Welfare; Mixed Logit; Industrial Organization (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:zwi:fpcrep:080

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