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A Bargaining Framework To Establish Over-Order Premiums In Dairy Markets


  • Prasertsri, Peerapon
  • Kilmer, Richard L.


Given the approximate bilateral monopoly nature of Florida dairy industry (producers and processors), the monthly projected over-order premiums (i.e., the dollar amount above the Class I price) are determined by the generalized Nash bargaining model through the relevant prices, costs, bargaining power, and risk attitudes. The implications of the results are discussed.

Suggested Citation

  • Prasertsri, Peerapon & Kilmer, Richard L., 2003. "A Bargaining Framework To Establish Over-Order Premiums In Dairy Markets," 2003 Annual meeting, July 27-30, Montreal, Canada 22166, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea03:22166

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