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An Analysis of U.S. Dairy Policy Deregulation using an Imperfect Competition Model

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  • Suzuki, Nobuhiro
  • Kaiser, Harry M.
  • Lenz, John E.
  • Forker, Olan D.

Abstract

An imperfect competition model of the U.S. milk market is developed for analyzing the impacts of dairy policy deregulation. Estimated degree-of-competition parameters indicate that the U.S. milk market has become more competitive over time. The usefulness of the model is demonstrated by showing the relative differences of dynamic simulation results of the imperfect competition model with the results of a conventional exogenous fluid differential model.

Suggested Citation

  • Suzuki, Nobuhiro & Kaiser, Harry M. & Lenz, John E. & Forker, Olan D., 1994. "An Analysis of U.S. Dairy Policy Deregulation using an Imperfect Competition Model," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(1), pages 84-93, April.
    • Handle: RePEc:cup:agrerw:v:23:y:1994:i:01:p:84-93_00
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    References listed on IDEAS

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    1. McDowell, Howard & Fleming, Ann & Spinelli, Felix, 1990. "U.S. Milk Markets Under Alternative Federal Order Pricing Policies," Staff Reports 278357, United States Department of Agriculture, Economic Research Service.
    2. Jean-Paul Chavas & Richard M. Klemme, 1986. "Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 55-66.
    3. Boyd M. Buxton, 1977. "Welfare Implications of Alternative Classified Pricing Policies for Milk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 525-529.
    4. Robert T. Masson & Philip M. Eisenstat, 1980. "Welfare Impacts of Milk Orders and the Antitrust Immunities for Cooperatives," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 270-278.
    5. Nobuhiro Suzuki & Harry M. Kaiser & John E. Lenz & Olan D. Forker & Kohei Kobayashi, 1994. "Evaluating Generic Milk Promotion Effectiveness with an Imperfect Competition Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(2), pages 296-302.
    6. Kinnucan, Henry W. & Forker, Olan D., 1988. "Allocation Of Generic Advertising Funds Among Products: A Sales Maximization Approach," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 17(1), pages 1-8, April.
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    Cited by:

    1. Soregaroli, Claudio & Sckokai, Paolo & Moro, Daniele, 2011. "Agricultural policy modelling under imperfect competition," Journal of Policy Modeling, Elsevier, vol. 33(2), pages 195-212, March.
    2. Abbassi, Abdessalem & Larue, Bruno, 2011. "Trade liberalization and inter-provincial dumping in a spatial equilibrium model: the case of the Canadian dairy industry," MPRA Paper 30363, University Library of Munich, Germany.
    3. Byeong‐Il Ahn & Hyunok Lee, 2010. "An equilibrium displacement approach to oligopoly market analysis: an application to trade in the Korean infant formula market," Agricultural Economics, International Association of Agricultural Economists, vol. 41(2), pages 101-109, March.
    4. Doyon, Maurice & Novakovic, Andrew M., 1997. "An Application of Experimental Economics to Agricultural Policies: The Case of U.S. Dairy Deregulation on Farm-Level Markets," Research Bulletins 122807, Cornell University, Department of Applied Economics and Management.
    5. Nobunori Kuga & Nobuhiro Suzuki & Harry M. Kaiser, 2010. "Trade implications of price discrimination in a domestic market," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 64-82.

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