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An Analysis of U.S. Dairy Policy Deregulation using an Imperfect Competition Model

Author

Listed:
  • Suzuki, Nobuhiro
  • Kaiser, Harry M.
  • Lenz, John E.
  • Forker, Olan D.

Abstract

An imperfect competition model of the U.S. milk market is developed for analyzing the impacts of dairy policy deregulation. Estimated degree-of-competition parameters indicate that the U.S. milk market has become more competitive over time. The usefulness of the model is demonstrated by showing the relative differences of dynamic simulation results of the imperfect competition model with the results of a conventional exogenous fluid differential model.

Suggested Citation

  • Suzuki, Nobuhiro & Kaiser, Harry M. & Lenz, John E. & Forker, Olan D., 1994. "An Analysis of U.S. Dairy Policy Deregulation using an Imperfect Competition Model," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(1), pages 84-93, April.
    • Handle: RePEc:cup:agrerw:v:23:y:1994:i:01:p:84-93_00
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    Cited by:

    1. Abbassi, Abdessalem & Larue, Bruno, 2011. "Trade liberalization and inter-provincial dumping in a spatial equilibrium model: the case of the Canadian dairy industry," MPRA Paper 30363, University Library of Munich, Germany.
    2. Doyon, Maurice & Novakovic, Andrew M., 1997. "An Application of Experimental Economics to Agricultural Policies: The Case of U.S. Dairy Deregulation on Farm-Level Markets," Research Bulletins 122807, Cornell University, Department of Applied Economics and Management.
    3. Nobunori Kuga & Nobuhiro Suzuki & Harry M. Kaiser, 2010. "Trade implications of price discrimination in a domestic market," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 64-82.
    4. Soregaroli, Claudio & Sckokai, Paolo & Moro, Daniele, 2011. "Agricultural policy modelling under imperfect competition," Journal of Policy Modeling, Elsevier, vol. 33(2), pages 195-212, March.
    5. Byeong‐Il Ahn & Hyunok Lee, 2010. "An equilibrium displacement approach to oligopoly market analysis: an application to trade in the Korean infant formula market," Agricultural Economics, International Association of Agricultural Economists, vol. 41(2), pages 101-109, March.

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