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How Dairy Price Changes Influence The Consumers' Welfare

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  • Huang, Kuo S.
  • Blayney, Donald P.

Abstract

The Hicksian compensating variation is used to evaluate the consumers' welfare effects of price changes because of some hypothesized removals of Federal dairy policies and programs. The results indicate that consumers would reduce dairy expenditures from about one to two billion dollars nationally.

Suggested Citation

  • Huang, Kuo S. & Blayney, Donald P., 2003. "How Dairy Price Changes Influence The Consumers' Welfare," 2003 Annual meeting, July 27-30, Montreal, Canada 22031, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22031
    DOI: 10.22004/ag.econ.22031
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    References listed on IDEAS

    as
    1. Huang, Kuo S., 1993. "Measuring the Effects of U.S. Meat Trade on Consumers' Welfare," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 25(1), pages 217-227, July.
    2. Huang, Kuo S., 1993. "A Complete System of U.S. Demand for Food," Technical Bulletins 157046, United States Department of Agriculture, Economic Research Service.
    3. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    4. Manchester, Alden C. & Blayney, Donald P., 2001. "Milk Pricing In The United States," Agricultural Information Bulletins 33612, United States Department of Agriculture, Economic Research Service.
    5. J. S. Shonkwiler, 1991. "Consumer's Surplus Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 410-414.
    6. Hausman, Jerry A, 1981. "Exact Consumer's Surplus and Deadweight Loss," American Economic Review, American Economic Association, vol. 71(4), pages 662-676, September.
    7. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Demand and Price Analysis;

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