Producer Response to the EEC Milk Superlevy

Alison Burrell

European Review of Agricultural Economics, 1990, vol. 17, issue 1, 43-55

Abstract: Milk producers' responses to low expected rates of superlevy and superlevy uncertainty during 1984/5-1986/7 are examined. In England and Wales, the average size of unplanned deviations from quota remained constant over time, whereas the variation amongst producers in the planned deviation from quota rose more than threefold as producers learned to cope with the new system. Individual supply decisions appear consistent with the hypothesis of utility maximization under uncertainty. The extent of overquota supply is shown to depend on marginal cost, prequota expansion trends, and size of enterprise, although much variation in supply relative to quota remains unexplained. Copyright 1990 by Oxford University Press.

Date: 1990
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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