@article{Hovhannisyan:157773,
      recid = {157773},
      author = {Hovhannisyan, Vardges and Bozic, Marin},
      title = {A Benefit-Function Approach to Studying Market Power: An  Application to the U.S. Yogurt Market},
      journal = {Journal of Agricultural and Resource Economics},
      address = {2013-08},
      number = {1835-2016-149479},
      pages = {15},
      year = {2013},
      abstract = {This article provides a structural framework for studying  the market performance of various food
industries. It  revisits the benefit-function approach to modeling demand  and extends its application
to the empirical  industrial-organization literature. We illustrate the  empirical value of our model
in an econometric analysis of  competitive conditions in the retail market for branded  yogurt.
The results show that retailers are engaged in  imperfect competition. Furthermore, national brand
yogurt  remains an important tool for retail profitability.},
      url = {http://ageconsearch.umn.edu/record/157773},
      doi = {https://doi.org/10.22004/ag.econ.157773},
}