Bouamra-Mechemache, Zohra; Chavas, Jean-Paul; Cox, Thomas L. - In: American Journal of Agricultural Economics 84 (2002) 4, pp. 1003-1020
This article analyzes the efficiency of partial market liberalization and policy reform with an application to the European dairy sector. In a second best world, partial moves toward market liberalization are not always efficiency improving. We develop a general equilibrium model to investigate...