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Support Prices as Policy Tools in Dairy Industry: Issues in Theoretical Modeling

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  • V. Premakumar
  • Sudhir Chaudhary

Abstract

A framework for modeling the dairy sector is developed, emphasizing the complexities unique to this multiproduct industry. Equilibrium conditions among competitive and joint dairy products are specified subject to mass balancing requirements, stable economic relationships, and appropriate policy parameters. The model is applied to Canada and incorporates the country-specific dairy policy mix.

Suggested Citation

  • V. Premakumar & Sudhir Chaudhary, 1996. "Support Prices as Policy Tools in Dairy Industry: Issues in Theoretical Modeling," Center for Agricultural and Rural Development (CARD) Publications 96-wp151, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:96-wp151
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    Cited by:

    1. Leudjou, Roland R., 2012. "The Doha Round and Food Security in the Dairy Sector in Cameroon: A Global Simulation Model (GSIM) Approach," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 13(1), pages 1-16, April.
    2. Mosheim, Roberto, 2012. "A Quarterly Econometric Model for Short-Term Forecasting of the U.S. Dairy Industry," Technical Bulletins 184305, United States Department of Agriculture, Economic Research Service.

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