Explaining Differences in Milk Quota Values: The Role of Economic Efficiency
This article explores the relationship between milk quota values and economic efficiency in order to analyze government interventions in quota allocations among producers. For this purpose, we estimate quota values using a panel of Spanish dairy farms. Quota values are then decomposed into economic efficiency, price, and scale effects in order to assess the relative influence of these factors. We find that efficiency is important in explaining quota values but is uncorrelated with observable farm characteristics. This casts doubts on the government's ability to allocate quotas to efficient farms. Copyright 2006 American Agricultural Economics Association.
Year of publication: |
2006
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Authors: | Alvarez, Antonio ; Arias, Carlos ; Orea, Luis |
Published in: |
American Journal of Agricultural Economics. - American Agricultural Economics Association. - Vol. 88.2006, 1, p. 182-193
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Publisher: |
American Agricultural Economics Association |
Saved in:
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