Brunstad, Rolf Jens; Gaasland, Ivar; Vårdal, Erling - In: Nordic Journal of Political Economy 31 (2005), pp. 77-97
A milk marketing board (MMB) is a well known instrument for regulating the markets for dairy products. MMBs are based on price discrimination, and receipts from sales are pooled so that the farmers receive a single price adjusted for composition and quality. Using a numerical model, we find that...