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A Note On The Economic Surplus From Dairy Herd Recording In Victoria

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  • Ryan, Timothy J.
  • Badham, F.V.

Abstract

An input demand model was used to estimate the own price elasticity of dairy herd recording in Victoria. The net benefits to society over a 21 year period were estimated by determining the economic surplus accruing to participators each year and then subtracting all Government monies involved. The net social benefits, unlike the benefits reported for the New South Wales scheme, have on average been positive and have been consistently positive over the latter years of the data.

Suggested Citation

  • Ryan, Timothy J. & Badham, F.V., 1976. "A Note On The Economic Surplus From Dairy Herd Recording In Victoria," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(01), pages 1-56, April.
    • Handle: RePEc:ags:ajaeau:23042
    DOI: 10.22004/ag.econ.23042
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    References listed on IDEAS

    as
    1. James G. Ryan, 1975. "Using Input Demand And Production Function Models To Assess The Net Benefits Of Dairy Herd Improvement," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 19(1), pages 23-38, April.
    2. Currie, John Martin & Murphy, John A & Schmitz, Andrew, 1971. "The Concept of Economic Surplus and its Use in Economic Analysis," Economic Journal, Royal Economic Society, vol. 81(324), pages 741-799, December.
    3. Ryan, James G., 1975. "Using Input Demand And Production Function Models To Assess The Net Benefits Of Dairy Herd Improvement," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(01), pages 1-16, April.
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