How Dairy Price Changes Influence The Consumers' Welfare
The Hicksian compensating variation is used to evaluate the consumers' welfare effects of price changes because of some hypothesized removals of Federal dairy policies and programs. The results indicate that consumers would reduce dairy expenditures from about one to two billion dollars nationally.
|Date of creation:||2003|
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- Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, 1.
- Huang, Kuo S., 1993. "Measuring The Effects Of U.S Meat Trade On Consumers' Welfare," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(01), July.
- Huang, Kuo S., 1993. "A Complete System of U.S. Demand for Food," Technical Bulletins 157046, United States Department of Agriculture, Economic Research Service.
- Manchester, Alden C. & Blayney, Donald P., 2001. "Milk Pricing In The United States," Agricultural Information Bulletins 33612, United States Department of Agriculture, Economic Research Service.
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