TRADE AND WELFARE EFFECTS OF DAIRY PRICE SUPPORT MEASURES

Nobunori Kuga, Pavel Vavra, Jesus Anton and Joe Dewbre

No 21951, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Analysis with a stylised model of milk price determination shows that on a dollar for dollar basis it is theoretically possible for milk price support resulting from discriminatory pricing to be as or even more trade distorting than milk price support resulting from explicit trade intervention in dairy product markets. Numerical results suggest that this result depends mainly on the initial trading status of the country in question. However, other parameters, especially the relative elasticities of demand for fluid versus manufacturing milk also matter.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 21
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21951

DOI: 10.22004/ag.econ.21951

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