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Supply Growth And Dairy Industry Deregulation

  • Chang, Ching-Cheng
  • Stefanou, Spiro E.

Optimal control models of aggregate milk supply and demand behavior are used to describe the optimal phasing of the deregulatory dairy price support in the presence of supply growth. Producers are assumed to face costs of adjustment, and are myopic with respect to price expectations and the adoption of the new quasi-fixed factor augmenting technology.

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File URL: http://purl.umn.edu/28891
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Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

Volume (Year): 16 (1987)
Issue (Month): 1 (April)
Pages:

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Handle: RePEc:ags:nejare:28891
Contact details of provider: Web page: http://www.narea.org/

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  1. Pindyck, Robert S & Rotemberg, Julio J, 1983. "Dynamic Factor Demands and the Effects of Energy Price Shocks," American Economic Review, American Economic Association, vol. 73(5), pages 1066-79, December.
  2. Jeffrey T. LaFrance & Harry D. Gorter, 1985. "Regulation in a Dynamic Market: The U.S. Dairy Industry," Monash Economics Working Papers archive-34, Monash University, Department of Economics.
  3. Westcott, Paul C., 1986. "A Quarterly Model of U.S. Dairy Sector and Some of Its Policy Implications," Technical Bulletins 157018, United States Department of Agriculture, Economic Research Service.
  4. Thraen, Cameron S. & Hammond, Jerome W., 1983. "Price Supports, Risk Aversion And U.S. Dairy Policy: An Alternative Perspective Of The Long-Term Impacts," Economic Reports 13034, University of Minnesota, Department of Applied Economics.
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