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

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.


Issue Date:
1996
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/18617
Total Pages:
21
Series Statement:
CARD Working Paper 96-WP 151




 Record created 2017-04-01, last modified 2017-08-24

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