SUPPLY GROWTH AND DAIRY INDUSTRY DEREGULATION

Ching-Cheng Chang and Spiro Stefanou

Northeastern Journal of Agricultural and Resource Economics, 1987, vol. 16, issue 01, 9

Abstract: 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.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28891

DOI: 10.22004/ag.econ.28891

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