000201549 001__ 201549 000201549 005__ 20250401105558.0 000201549 0247_ $$2doi$$a10.22004/ag.econ.201549 000201549 037__ $$a1803-2016-142579 000201549 041__ $$aeng 000201549 245__ $$aPrice Dispersion, Search, and Market Power 000201549 260__ $$c2002 000201549 269__ $$a2002 000201549 300__ $$a31 000201549 336__ $$aWorking or Discussion Paper 000201549 490__ $$aFSWP 000201549 490__ $$a2002-08 000201549 520__ $$aThe purpose of the research presented in this study is to examine the relationship of price dispersion to search costs, store choice, and market power in the food-retailing sector. The study used consumer level demographic information and brand level fluid milk consumption data from 33 U.S. metropolitan areas. Overall, the study found strong evidence of search cost related strategic firm and consumer behavior. Our results show that purchase frequency has a negative and significant relationship with price dispersions and with measures of price cost margins. We also find that the price of fluid milk was an important factor in explaining whether or not consumers return to the same store. Demographic factors such as income and race were important in explaining price dispersions, which suggest different willingness to search across population sub-groups. 000201549 650__ $$aFood Consumption/Nutrition/Food Safety 000201549 650__ $$aResearch and Development/Tech Change/Emerging Technologies 000201549 650__ $$aResearch Methods/Statistical Methods 000201549 700__ $$aDhar, Tirtha 000201549 700__ $$aStiegert, Kyle W. 000201549 700__ $$aGould, Brian W. 000201549 8564_ $$968a9fdb6-c583-4b6e-bc4f-e5c4d17b914e$$s448314$$uhttps://ageconsearch.umn.edu/record/201549/files/wp2002-8.pdf 000201549 887__ $$ahttp://purl.umn.edu/201549 000201549 909CO $$ooai:ageconsearch.umn.edu:201549$$pGLOBAL_SET 000201549 912__ $$nSubmitted by Abigail Porter (porte542@umn.edu) on 2015-04-13T19:15:06Z No. of bitstreams: 1 wp2002-8.pdf: 448314 bytes, checksum: 1de8952c2ef01719d10390f69c85527c (MD5) 000201549 912__ $$nMade available in DSpace on 2015-04-13T19:15:06Z (GMT). No. of bitstreams: 1 wp2002-8.pdf: 448314 bytes, checksum: 1de8952c2ef01719d10390f69c85527c (MD5) Previous issue date: 2002 000201549 913__ $$aLicense granted by Abigail Porter (porte542@umn.edu) on 2015-04-13T19:11:29Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000201549 980__ $$a1803 000201549 982__ $$gUniversity of Wisconsin>Department of Agricultural and Applied Economics>Food System Research Group>Working Papers