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Supply Growth And Dairy Industry Deregulation

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  • Chang, Ching-Cheng
  • Stefanou, Spiro E.

Abstract

Optimal control models of aggregate milk supply and demand behavior are used to describe the optimal phasing of the deregulatory dairy price support in the presence of supply growth. Producers are assumed to face costs of adjustment, and are myopic with respect to price expectations and the adoption of the new quasi-fixed factor augmenting technology.

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Bibliographic Info

Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

Volume (Year): 16 (1987)
Issue (Month): 1 (April)
Pages:

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Handle: RePEc:ags:nejare:28891

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Web page: http://www.narea.org/
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Related research

Keywords: Demand and Price Analysis; Livestock Production/Industries;

References

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  1. Westcott, Paul C., 1986. "A Quarterly Model of U.S. Dairy Sector and Some of Its Policy Implications," Technical Bulletins 157018, United States Department of Agriculture, Economic Research Service.
  2. Jeffrey T. LaFrance & Harry D. Gorter, 1985. "Regulation in a Dynamic Market: The U.S. Dairy Industry," Development Research Unit Working Paper Series archive-34, Monash University, Department of Economics.
  3. Thraen, Cameron S. & Hammond, Jerome W., 1983. "Price Supports, Risk Aversion And U.S. Dairy Policy: An Alternative Perspective Of The Long-Term Impacts," Economic Reports 13034, University of Minnesota, Department of Applied Economics.
  4. Pindyck, Robert S & Rotemberg, Julio J, 1983. "Dynamic Factor Demands and the Effects of Energy Price Shocks," American Economic Review, American Economic Association, vol. 73(5), pages 1066-79, December.
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Cited by:
  1. Tanjuakio, Rodolfo V. & Gempesaw, Conrado M., II & Elterich, Joachim G., 1992. "An Optimal Control Framework For Inter - Regional Dairy Policy Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(02), December.

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