Oligopolistic Price Leadership: An Empirical Model of the U.S. Beer Industry

2018 ◽  
Author(s):  
Nathan Miller ◽  
Gloria Sheu ◽  
Matthew Weinberg
Keyword(s):  
Empirical Model ◽  
Price Leadership ◽  
Beer Industry ◽  
The U.S

scholarly journals Millennials and the Take-Off of Craft Brands: Preference Formation in the U.S. Beer Industry

2021 ◽  
Author(s):  
Bart Bronnenberg ◽  
Jean-Pierre Dubé ◽  
Joonhwi Joo
Keyword(s):  
Preference Formation ◽  
Beer Industry ◽  
The U.S

scholarly journals Price Determination in the U.S. Shrimp Market

1987 ◽  
Vol 19 (2) ◽  
pp. 103-111 ◽  
Author(s):  
Charles M. Adams ◽  
Fred J. Prochaska ◽  
Thomas H. Spreen
Keyword(s):  
Retail Price ◽  
Economic Factors ◽  
Causal Relationships ◽  
Price Determination ◽  
Price Leadership ◽  
Size Classes ◽  
Marketing Costs ◽  
The U.S

AbstractThe monthly and quarterly price determination processes for 31–40 and 21–25 size classes of raw-headless shrimp were examined to determine price leadership between market levels. Causal relationships were assessed using Haugh-Pierce, Sims, and Granger methods. Price models at the retail, wholesale, and exvessel market levels were estimated. Economic factors analyzed were income, prices of competing products, landings and imports of raw headless shrimp, total retail supply, beginning stocks, and marketing costs.Monthly prices generally exhibited unidirectional causality from exvessel to retail price. Quarterly prices were determined interdependently among market levels. Price responses between market levels were found to be symmetric with beginning stocks, landings, and imports of own-size shrimp the most important determinants of price.

scholarly journals Crash Risk in Currency Returns

2018 ◽  
Vol 53 (1) ◽  
pp. 137-170 ◽  
Author(s):  
Mikhail Chernov ◽  
Jeremy Graveline ◽  
Irina Zviadadze
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Empirical Model ◽  
Crash Risk ◽  
Currency Risk ◽  
Jump Risk ◽  
Bilateral Exchange ◽  
The U.S

We develop an empirical model of bilateral exchange rates. It includes normal shocks with stochastic variance and jumps in an exchange rate and in its variance. The probability of a jump in an exchange rate corresponding to depreciation (appreciation) of the U.S. dollar is increasing in the domestic (foreign) interest rate. The probability of a jump in variance is increasing in the variance only. Jumps in exchange rates are associated with announcements; jumps in variance are not. On average, jumps account for 25% of currency risk. The dollar carry index retains these features. Options suggest that jump risk is priced.

scholarly journals An Analysis of Mexican Remigration To The U.S.

1970 ◽  
Vol 26 (1) ◽  
pp. 55-72
Author(s):  
David Molina ◽  
R. Todd Jewell
Keyword(s):  
Empirical Model ◽  
Temporary Workers ◽  
Undocumented Migrants ◽  
Mexican Migrants ◽  
Illegal Migrants ◽  
Migration Networks ◽  
Market Factors ◽  
Using Data ◽  
And Migration ◽  
The U.S

This paper presents an analysis of Mexican migrants to the U.S. and theirdecisions to remigrate. We concentrate on the relative impacts of market and nonmarketfactors such as income, remittances, and migration networks. We analyze theremigration decision of male, illegal migrants using data from the Mexican MigrationProject. Current migration proposals are geared towards policy that would allowfor some type of temporary workers. The empirical model presented here allowsfor a comparison of the relative impacts of market and non-market factors on thedecision to choose among different remigration options. The results indicate thatincome, remittances, and migration networks have significant effects on the remigrationdecisions of male, undocumented migrants.

scholarly journals An Empirical Model of Behavioral Heterogeneity

2017 ◽  
Vol 8 (2) ◽  
pp. 125-134
Author(s):  
Subal C Kumbhakar ◽  
Mike G Tsionas
Keyword(s):  
Mixture Model ◽  
Empirical Model ◽  
Latent Class ◽  
Cost Minimization ◽  
Profit Maximization ◽  
Behavioral Heterogeneity ◽  
Profit Maximizing ◽  
Sample Separation ◽  
Additional Sample ◽  
The U.S

In this paper we propose a new latent class/mixture model (LCM) to determine whether firms behave like profit maximizers or just cost minimizers when there is no additional sample separation information. Since some firms might be maximizing profit while others might minimize cost, the LCM with behavioral heterogeneity can be quite useful. Estimation of the LCM amounts to mixing a cost minimization and a profit maximization model. Using the U.S. airlines data we find that after deregulation about 15% of the airlines are found to be consistent with profit maximizing behavior. 

scholarly journals Efficiencies Brewed: Pricing and Consolidation in the U.S. Beer Industry

2013 ◽  
Author(s):  
Orley Ashenfelter ◽  
Daniel Hosken ◽  
Matthew Weinberg
Keyword(s):  
Beer Industry ◽  
The U.S
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