The story of deregulation in the dairy industry
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. Copyright 2003 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Ltd..
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Volume (Year): 47 (2003)
Issue (Month): 1 (03)
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