Catfish diets must provide enough energy, protein, vitamins and minerals in the proper proportions for fast, efficient growth and health maintenance. Choosing the right feed plays an important role in determining the productivity and profitability of aquaculture operations. But, producers aren’t the only people who are interested in diet quality. Certain characteristics of the diet influence th...

Many markets for homogeneous goods feature market power and heterogeneity in the prices paid by buyers. Search costs are a common explanation for this phenomenon and are a concern as they generate inefficiencies. In this paper, I study a competitive market for homogeneous goods and, by exploiting a unique dataset, I find three facts that are opposite to what one would expect from a market with ...

We develop a price competition model for a new supply chain that competes in a market comprised of some rival supply chains. The new supply chain has one risk-neutral manufacturer and one risk-averse retailer in which the manufacturer is a leader and retailer is a follower. The manufacturer pays a fraction of the risk cost (caused by demand uncertainty) to the retailer. We apply this competitiv...