OPTIMAL GOVERNMENT POLICY IN RESPONSE TO BOVINE SOMATOTROPIN

Loren W. Tauer and Harry Kaiser

No 270658, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A discrete optimal control model is constructed and solved to determine optimal adjustments in dairy policy over time in response to bovine somatotropin. Results indicate that government should remove cows after bST is widely adopted. The ability to wait is beneficial since the impact of bST is yet unknown.

Keywords: Agricultural and Food Policy; Political Economy (search for similar items in EconPapers)
Pages: 14
Date: 1989-07-30
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270658

DOI: 10.22004/ag.econ.270658

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