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Ohio School Milk Markets : An Analysis of Bidding
Oleh:
Zona, J. Douglas
;
Porter, Robert H.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 30 no. 2 (1999)
,
page 263-288.
Topik:
MARKETS
;
ohio school
;
milk markets
;
bidding
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
We examine the institutional details of the school milk procurement process, bidding data, statements of dairy executives, and supply characteristics in Ohio during the 1980s. We compare the bidding behaviour of a group of firms in Cincinnati to a control group. We find that the behaviour of these firms is consistent with collusion. The estimated average effect of collusion on market prices is about 6.5 %, or roughly the cost of shipping school milk about 50 miles.
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