Dynamic Structure of Production under a Quota: The Case of Milk Production in the Federal Republic of Germany
A dynamic multiple output, multiple input model is estimated within the adjustment cost framework to analyze the economic behavior of dairy producers in the Federal Republic of Germany during the first half of the 1980s. The results suggest significant behavior given the introduction of the production quota. The changes in producers' responses were driven by changes in variable input and the evolution from a symmetric to asymmetric adjustment of quasi-fixed factors. In addition, German dairy farmers are found to exhibit considerable excess capacity in production. Coauthors are Jorge Fernandez-Cornejo, Conrado M. Gempesaw II, and Joachim G. Elterich. Copyright 1992 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 19 (1992)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.erae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|