@article{Lopez:149929,
      recid = {149929},
      author = {Lopez, Elena and Lopez, Rigoberto},
      title = {Demand for Differentiated Milk Products: Implications for  Price Competition},
      address = {2008-04},
      number = {1586-2016-134271},
      series = {Research Report},
      pages = {22},
      year = {2008},
      abstract = {This article uses a discrete choice, random coefficients  logit model for analyzing consumer behavior and retail  price competition in the Boston fluid milk market. The  problems of product dimensionality and consumer  heterogeneity implied by imperfect substitution in markets  with differentiated products were solved by applying the  model of Berry, Levinhson and Pakes (1995). Empirical  results show that private label milks have the highest  markups in spite of lower prices, which may explain their  rapid expansion, while low-fat and specialty milks such as  organic and lactose-free are preferred by high income  groups with no children.},
      url = {http://ageconsearch.umn.edu/record/149929},
      doi = {https://doi.org/10.22004/ag.econ.149929},
}