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The story of deregulation in the dairy industry

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  • Geoff Edwards

Abstract

The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating case study in microeconomic reform. The role of interacting industry and institutional features in the movement to deregulation is explained, with political realities being recognised. A key part of the deregulation bundle was an unprecedented “structural adjustment” package valued at about one and a half billion dollars (in 1998–1999). Questions are raised about the rationale for this package, the process of determining it and the means of funding it.

Suggested Citation

  • Geoff Edwards, 2003. "The story of deregulation in the dairy industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(1), pages 75-98, March.
    • Handle: RePEc:bla:ajarec:v:47:y:2003:i:1:p:75-98
    DOI: 10.1111/1467-8489.00204
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    References listed on IDEAS

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    1. Freebairn, John W., 1992. "Dairy Industry Policy," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(01), pages 1-19, April.
    2. Beare, Stephen & Domine, Lora & Lembit, Murray, 1989. "Trans-Tasman Trade in Manufactured Dairy Products: A Mathematical Programming Model of Imperfect Sectoral Competition," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144385, Australian Agricultural and Resource Economics Society.
    3. Beare, Stephen & Domine, Lora & Lembit, Murray, 1989. "Trans-Tasman Trade in Manufactured Dairy Products: A Mathematical Programming Model of Imperfect Sectoral Competition," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144384, Australian Agricultural and Resource Economics Society.
    4. Edwards, Geoff W., 1993. "Two Government Failures? A Tale of Sugar and Wool," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(02-1), pages 1-16, August.
    Full references (including those not matched with items on IDEAS)

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