Beyond Illinois Brick: The Law and Economics of Cost Pass-Through in the ADM Price Fixing Case

This article reviews the legal standards and the economics of indirect purchaser cases. Drawn from recent cases on behalf of consumers in the ADM price fixing case, it presents cost pass through models for high fructose corn syrup (HFCS), one of the alleged price fixes in the wet corn milling industry. If soft drink bottlers, a primary user of HFCS, have fixed proportion production, constant returns to scale, and if other bottlers input prices are unaffected by variations in soft drink output due to the price fix, then the impact of the price fix on bottlers' cost is equal to the increase in the price of HFCS. The extent of pass through of the increase by bottlers is shown to depend critically upon the market structure of the bottling industry and the shape of the retail demand curve. Flexible demand functional forms are needed to avoid constraining estimated pass through rates to levels above or below full, 100 percent, pass through.Agribusiness, Demand and Price Analysis, Industrial Organization,

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This complicated profession has a lot of standards that are not seen elsewhere. You will have an opportunity to learn their standards and ethics as well as the American Disabilities Act (ADA) and its impact

Understanding Audism

Audism, a form of discrimination, is when someone has a belief that the ability to hear makes one superior to those who are Deaf. We will be taking a look at some examples of audism and what can be done

How to Use an Interpreter/How to Communicate With a Deaf Individual

Do you ever feel awkward when you are using an interpreter to communicate with a Deaf colleague? What if I needed to talk with that Deaf colleague and an interpreter was not present? This workshop will supply you with information to make you comfortable when you\u27re in such a situation

Beyond Illinois Brick: The Law and Economics of Cost Pass-Through in the ADM Price Fixing Case

High fructose corn syrup, Illinois Brick , indirect overcharges, pass-through of injuries, price fixing,

Beyond Illinois Brick: The Law and Economics of Cost Pass-Through in the ADM Price Fixing Case

This article reviews the legal standards and the economics of indirect purchaser cases. Drawn from recent cases on behalf of consumers in the ADM price fixing case, it presents cost pass through models for high fructose corn syrup (HFCS), one of the alleged price fixes in the wet corn milling industry. If soft drink bottlers, a primary user of HFCS, have fixed proportion production, constant returns to scale, and if other bottlers input prices are unaffected by variations in soft drink output due to the price fix, then the impact of the price fix on bottlers' cost is equal to the increase in the price of HFCS. The extent of pass through of the increase by bottlers is shown to depend critically upon the market structure of the bottling industry and the shape of the retail demand curve. Flexible demand functional forms are needed to avoid constraining estimated pass through rates to levels above or below full, 100 percent, pass through