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Dynamic Structure of Production under a Quota: The Case of Milk Production in the Federal Republic of Germany

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  • Stefanou, Spiro E, et al

Abstract

A dynamic multiple output, multiple input model is estimated within the adjustment cost framework to analyze the economic behavior of dairy producers in the Federal Republic of Germany during the first half of the 1980s. The results suggest significant behavior given the introduction of the production quota. The changes in producers' responses were driven by changes in variable input and the evolution from a symmetric to asymmetric adjustment of quasi-fixed factors. In addition, German dairy farmers are found to exhibit considerable excess capacity in production. Coauthors are Jorge Fernandez-Cornejo, Conrado M. Gempesaw II, and Joachim G. Elterich. Copyright 1992 by Oxford University Press.

Suggested Citation

  • Stefanou, Spiro E, et al, 1992. "Dynamic Structure of Production under a Quota: The Case of Milk Production in the Federal Republic of Germany," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 19(3), pages 283-299.
    • Handle: RePEc:oup:erevae:v:19:y:1992:i:3:p:283-99
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    1. Richards, Timothy J. & Patterson, Paul M., 1998. "Dynamic Complementarity In Export Promotion: The Market Access Program In Fruits And Vegetables," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-19, December.
    2. Petrick, Martin & Zier, Patrick, 2012. "Common Agricultural Policy effects on dynamic labour use in agriculture," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 37(6), pages 671-678.
    3. Pierani, Pierpaolo & Rizzi, Pier Luigi, 2003. "Technology and efficiency in a panel of Italian dairy farms: an SGM restricted cost function approach," Agricultural Economics, Blackwell, vol. 29(2), pages 195-209, October.
    4. Zier, Patrick, 2013. "Econometric impact assessment of the Common Agricultural Policy in East German agriculture," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 71, number 71.
    5. Beatrice Conradie & Jenifer Piesse & Colin Thirtle & Nick Vink, 2018. "Labour Demand in the Post‐apartheid South African Wine Industry," Journal of Agricultural Economics, Wiley Blackwell, vol. 69(3), pages 815-832, September.
    6. Alfons Oude Lansink & Spiro Stefanou, 2001. "Dynamic Area Allocation and Economies of Scale and Scope," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(3), pages 38-52, September.
    7. Carpentier, Alain & Gohin, Alexandre & Sckokai, Paolo & Thomas, Alban, 2015. "Economic modelling of agricultural production: past advances and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 131-165, March.
    8. Sauer, Johannes, 2008. "Quota Deregulation and Organic versus Conventional Milk – A Bayesian Distance Function Approach," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6425, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. D. Verreth & G. Emvalomatis & F. Bunte & A. Oude Lansink, 2015. "Dynamic and Static Behaviour with Respect to Energy Use and Investment of Dutch Greenhouse Firms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(4), pages 595-614, August.
    10. Petrick, Martin & Zier, Patrick, 2010. "Cap Impacts On Labour Use In East German Agriculture," 50th Annual Conference, Braunschweig, Germany, September 29-October 1, 2010 93962, German Association of Agricultural Economists (GEWISOLA).
    11. Johannes Sauer, 2010. "Deregulation and dairy production systems: a Bayesian distance function approach," Journal of Productivity Analysis, Springer, vol. 34(3), pages 213-237, December.
    12. Agbola, Frank W. & Harrison, Stephen R., 2005. "Empirical investigation of investment behaviour in Australia's pastoral region," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-16.
    13. Gardebroek, Cornelis & Oude Lansink, Alfons G.J.M., 2008. "Dynamic Microeconometric Approaches To Analysing Agricultural Policy," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6592, European Association of Agricultural Economists.
    14. Panos Fousekis, 1999. "Temporary Equilibrium, Full Equilibrium, and Elasticity of Cost," Journal of Productivity Analysis, Springer, vol. 11(1), pages 43-54, February.
    15. Sesmero, Juan P. & Perrin, Richard K. & Fulginiti, Lilyan E., 2012. "Technology, Markets, and Ethanol Plants Shutdown Price," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124915, Agricultural and Applied Economics Association.
    16. Sckokai, Paolo & Moro, Daniele, 2005. "Modelling the Impact of the CAP Reform on Farm Investments," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24468, European Association of Agricultural Economists.
    17. Sauer, J., 2009. "Quota Deregulation and Organic versus Conventional Milk – A Bayesian Distance Function Approach," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 44, March.
    18. Sckokai, Paolo, 2001. "The Common Agricultural Policy In Econometric Models," Working Papers 14800, National Institute of Agricultural Economics, Italy - INEA, Osservatorio Sulle Politiche Agricole dell'UE.
    19. Considine, Timothy J. & Heo, Eunnyeong, 2000. "Price and inventory dynamics in petroleum product markets," Energy Economics, Elsevier, vol. 22(5), pages 527-548, October.
    20. Herve Guyomard & Chantal Le Mouël & U. Vasavada, 1993. "Applying duality theory in agricultural production economics as a basis of policy decision making [[Application de la théorie de la dualité en économie de la production agricole : utilisation pour ," Post-Print hal-02850915, HAL.
    21. Casasnovas, Valero L. & Aldanondo, Ana Maria, 2011. "Influence of Animal Feeding on Milk Supply in Navarre," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114316, European Association of Agricultural Economists.

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