Support Prices as Policy Tools in Dairy Industry: Issues in Theoretical Modeling

V. Premakumar and Sudhir Chaudhary

No 18617, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: A framework for modeling the dairy sector is developed, emphasizing the complexities unique to this Multiproduct industry. Equilibrium conditions among competitive and joint dairy products are specified subject to mass balancing requirements, stable economic relationship and appropriate policy parameters. The model is applied to Canada incorporating the country-specific dairy policy mix.

Keywords: Agricultural and Food Policy; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 21
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:18617

DOI: 10.22004/ag.econ.18617

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