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Food Science

2012

Economics Presentations, Posters and Proceedings

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Full-Text Articles in Life Sciences

Local, Organic, Inexpensive And Safe: Can Large Retailers Do It All?, Henry An, Sebastien Pouliot, Richard Volpe Jan 2012

Local, Organic, Inexpensive And Safe: Can Large Retailers Do It All?, Henry An, Sebastien Pouliot, Richard Volpe

Economics Presentations, Posters and Proceedings

One of the most important changes in the food industry in recent decades has been the increase in retailer concentration at the national level. The trade publication Progressive Grocer releases the Super 50 annually, a ranking of the 50 largest food retailers in the U.S., by receipts. In 1997 the top 5 retailers controlled 24 percent of the national market. By 2004 this figure was 46 percent and by 2010, 61 percent.1 Much of this change has been driven by waves of mergers and acquisitions (Franklin, 2001), but it is impossible to overlook the role that big box ...


Consumer Confidence In Food Safety And The 2010 Egg Recall, Sebastien Pouliot Jan 2012

Consumer Confidence In Food Safety And The 2010 Egg Recall, Sebastien Pouliot

Economics Presentations, Posters and Proceedings

Iowa egg producers recalled nearly 500 million eggs in August 2010. The typical effect of a recall is to cause a decline in the demand for the affected product, yielding a decrease in the price. In the case of August 2010 egg recall, the price of eggs increased in the following weeks. This essay investigates the market effects of the egg recall. I estimate a system of simultaneous equations that includes supply and demand equations for the two main segments of the US industry. This essay offers preliminary evidence of the market effects of the August 2010 egg recall and ...