A BARGAINING FRAMEWORK TO ESTABLISH OVER-ORDER PREMIUMS IN DAIRY MARKETS

Peerapon Prasertsri and Richard L. Kilmer

No 22166, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Given the approximate bilateral monopoly nature of Florida dairy industry (producers and processors), the monthly projected over-order premiums (i.e., the dollar amount above the Class I price) are determined by the generalized Nash bargaining model through the relevant prices, costs, bargaining power, and risk attitudes. The implications of the results are discussed.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 27
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22166

DOI: 10.22004/ag.econ.22166

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