THE AVERAGE-MARGINAL CONFLICT IN MILK PRICING

Floyd A. Lasley

No 283645, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

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.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 14
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283645

DOI: 10.22004/ag.econ.283645

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