SUPPLY GROWTH AND DAIRY INDUSTRY DEREGULATION

Optimal control models of aggregate milk supply and demand behavior are used to describe the optimal phasing of the deregulatory dairy price support in the presence of supply growth. Producers are assumed to face costs of adjustment, and are myopic with respect to price expectations and the adoption of the new quasi-fixed factor augmenting technology.


Issue Date:
1987-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/28891
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 16, Number 1
Page range:
1-9
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-24

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