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The Average-Marginal Conflict In Milk Pricing

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  • Lasley, Floyd A.

Abstract

Pooling and pricing under Federal milk marketing orders have helped create a more stable marketing situation by translating marginal incentives and risks into averages. However, this paper considers how current instabilities in milk marketing stem from lack of satisfactory retranslation of average needs, costs, and incentives hack into marginal response.

Suggested Citation

  • Lasley, Floyd A., 1977. "The Average-Marginal Conflict In Milk Pricing," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283645, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283645
    DOI: 10.22004/ag.econ.283645
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    Keywords

    Livestock Production/Industries;

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