Ohio School Milk Markets: An Analysis of Bidding
AbstractWe examine the institutional details of the school milk procurement process, bidding data, statements of dairy executives, and supply characteristics in Ohio during the 1980's. We compare the bidding behavior of a group of firms to a control group. We find that the behavior of each of the firms differs from that of the control group. We argue that the behavior of these firms is consistent with collusion. The estimated average effect of collusion on market prices is about six and one half percent, or roughly the cost of shipping school milk about 50 miles.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6037.
Date of creation: May 1997
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Publication status: published as RAND Journal of Economics, Vol. 30, no. 2 (Summer 1999): 263-288.
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Other versions of this item:
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The Great Green Conspiracy?
by Matthew E. Kahn in Environmental and Urban Economics on 2010-04-05 16:16:00
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