An Analysis of U.S. Dairy Policy Deregulation using an Imperfect Competition Model

Nobuhiro Suzuki, Harry M. Kaiser, John E. Lenz and Olan D. Forker
Additional contact information
Nobuhiro Suzuki: National Reasearch Institutes of Agricultural Economics
Harry M. Kaiser: Cornell University
John E. Lenz: Cornell University
Olan D. Forker: Cornell University

Agricultural and Resource Economics Review, 1994, vol. 23, issue 1, pages 84-93

Abstract: An imperfect competition model of the U.S. milk market is developed for analyzing the impacts of dairy policy deregulation. Estimated degree-of-competition parameters indicate that the U.S. milk market has become more competitive over time. The usefulness of the model is demonstrated by showing the relative differences of dynamic simulation results of the imperfect competition model with the results of a conventional exogenous fluid differential model

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