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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.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2003 Annual meeting, July 27-30, Montreal, Canada with number 22031.

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Date of creation: 2003
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Handle: RePEc:ags:aaea03:22031

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Related research

Keywords: compensating variation; dairy demand elasticities; dairy policies and programs.; Demand and Price Analysis;

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  1. Huang, Kuo S., 1993. "A Complete System of U.S. Demand for Food," Technical Bulletins 157046, United States Department of Agriculture, Economic Research Service.
  2. Huang, Kuo S., 1993. "Measuring The Effects Of U.S Meat Trade On Consumers' Welfare," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(01), July.
  3. 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.
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