Social Cost of Alternative Dairy Price Support Levels

Boyd M. Buxton and Jerome W. Hammond

American Journal of Agricultural Economics, 1974, vol. 56, issue 2, 286-291

Abstract: Government cost is important in fixing milk price supports; however, net social cost should also be a criteria. This paper develops a method of measuring the latter. The technique is applied to alternative support levels under conditions of exporting or destroying government purchases and under a condition of domestic redistribution.

Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:56:y:1974:i:2:p:286-291.

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