Essays in demand estimation: illicit drugs and commercial mushrooms.

This dissertation consists of two essays analyzing the various effects of market competition in the United States. The first chapter explores the impact of competition among drug dealers. Although opioid buyers are often addicted to the products they are purchasing, due to the competition among sell...

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Online Access:http://hdl.handle.net/2047/D20398265
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Summary:This dissertation consists of two essays analyzing the various effects of market competition in the United States. The first chapter explores the impact of competition among drug dealers. Although opioid buyers are often addicted to the products they are purchasing, due to the competition among sellers, the buyers have a wide variety of opioid chemicals to choose from. The net result shows buyers to be price sensitive and without loyalty to any particular opioid compound. The second chapter shows that although Mushroom Council post market price and quantity information to all mushroom growers, it does not serve as a focal point for farmers to tacitly collude.