WILL THE VOLUNTARY CHECKOFF PROGRAM BE THE ANSWER? AN ANALYSIS OF OPTIMAL ADVERTISING AND FREE-RIDER PROBLEM IN THE U.S. BEEF INDUSTRY

This study develops a framework for the analysis of optimal advertising and free-rider problem. Previous studies in the literature were extended in two ways. First, the new framework allows retailer's oligopsony power separately from processor's market power. Second, to examine the free-rider problem, we introduce the trade component to the model and divide domestic producers into two groups: participating producers and non-participating producers in the possible voluntary program. The free-rider problem was measured as the amount of domestic price decrease due to the increased production from importers and non-participating producers.


Subject(s):
Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/34694
Total Pages:
27
Note:
Replaced with revised version of paper 04/21/04.
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-25

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)