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Abstract

In this article I present a static economic analysis of the operation of milk marketing schemes (such as that administered by the New South Wales Milk Board) which employ marketing quotas for individual producers. This is a subject which has already received some attention in this Journal: I refer to the suggestion of Harris and Candler that marketing quotas for fluid milk should be freely traded among producers, and, more particularly, to Neutze's subsequent discussion of their proposal. Some of the problems raised, and apparent paradoxes uncovered in that discussion, will be considered in the second part of this article.

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