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Social Cost of Alternative Dairy Price Support Levels

Author

Listed:
  • Boyd M. Buxton
  • Jerome W. Hammond

Abstract

Government cost is important in fixing milk price supports; however, net social cost should also be a criteria. This paper develops a method of measuring the latter. The technique is applied to alternative support levels under conditions of exporting or destroying government purchases and under a condition of domestic redistribution.

Suggested Citation

  • Boyd M. Buxton & Jerome W. Hammond, 1974. "Social Cost of Alternative Dairy Price Support Levels," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 286-291.
    • Handle: RePEc:oup:ajagec:v:56:y:1974:i:2:p:286-291.
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    File URL: http://hdl.handle.net/10.2307/1238757
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    Cited by:

    1. Ortmann, G. F., 1986. "Impact Of Available Policy Options On Consumer Welfare," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(2), June.
    2. Buxton, Boyd M., 1982. "Some Implications of Increasing Dairy Farm Income with Price Support or Milk Order Pricing Policies," 1982 Annual Meeting, August 1-4, Logan, Utah 279144, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. 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.
    4. Jeffrey T. LaFrance & Harry de Gorter, 1985. "Regulation in a Dynamic Market: The U.S. Dairy Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 821-832.
    5. Cox, Thomas L. & Chavas, Jean-Paul & Jesse, Edward V., 1994. "Regional Impacts of Reducing Dairy Price Supports and Removing Milk Marketing Orders in the U.S. Dairy Sector," Staff Papers 200580, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    6. Whipple, Glen D., 1982. "Social Costs Of The Dairy Price Support Program," 1982 Annual Meeting, August 1-4, Logan, Utah 279139, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Whipple, Glen D. & Powe, Charles & Gray, Morgan D., 1985. "An Economic Analysis Of Selected U.S. Dairy Program Changes," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-11, December.
    8. McKenzie, C. C. & Nieuwoudt, W. L., 1985. "Estimation Of Demand And Supply Functions For Fresh And Industrial Milk In South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 24(2), October.
    9. Marchant, Mary A. & Song, Baohui, 2003. "Endogenizing Government Behavior: Empirical Study Of The U.S. Dairy Price Support Program," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35103, Southern Agricultural Economics Association.
    10. Dahlgran, Roger A., 1981. "Dairy Marketing And Policy Analysis: A Critical Review Of Recent Empirical Studies," Department of Economics and Business - Archive 259651, North Carolina State University, Department of Economics.

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