Linkages between Regulated and Unregulated Markets: the Case of Milk Supply in Kenya

Wayne H. Howard and Ian McDonald

Agricultural Economics, 1988, vol. 2, issue 3, 223-230

Abstract: Linkages between the regulated and unregulated dairy markets in Kenya were examined using an econometric model of the fluid milk intake for eight processing plants. Counter‐intuitive results were obtained: an increase in the regulated price was significant in decreasing intake in the regulated market, indicating that a price increase in the regulated market also increased price and quantity supplied in the unregulated market. Lagged rainfall was a proxy for available feed and was highly significant in explaining milk intake in the regulated market.

Date: 1988
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