Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/142675 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
EERI Research Paper Series No. 01/2015
Verlag: 
Economics and Econometrics Research Institute (EERI), Brussels
Zusammenfassung: 
In this study, using scanner data, collected from super-market transactions in 2009, we estimate an eight equations simultaneous model with a 3SLS routine, with the objective to empirically analyze the Grappa market structure. Results show that the supply side of the Grappa market is characterized by an oligopolistic structure, where the dominant firms compete as oligopolists à la Cournot with homogeneous products. Firms’ competition is mostly played on the quantity grounds and mostly disregards product differentiation strategies. The dominant firms produce and supply a “cheap”, homogenous product. Interpretation of the results focus on cultural consumption of this very “ancient” liquor and corroborate previous studies, where hedonic analysis of the demand side has shown consumers’ very low/null implicit prices for the product differentiated characteristics.
Schlagwörter: 
Cournot oligopoly
3SLS
scanner data
grappa market
JEL: 
L13
Q11
C3
Dokumentart: 
Working Paper

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