The story of deregulation in the dairy industry

Geoff Edwards

Australian Journal of Agricultural and Resource Economics, 2003, vol. 47, issue 1, 75-98

Abstract: The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating case study in microeconomic reform. The role of interacting industry and institutional features in the movement to deregulation is explained, with political realities being recognised. A key part of the deregulation bundle was an unprecedented “structural adjustment” package valued at about one and a half billion dollars (in 1998–1999). Questions are raised about the rationale for this package, the process of determining it and the means of funding it.

Date: 2003
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