Balagtas, Joseph V.; Sumner, Daniel A. - In: Review of Agricultural Economics 25 (2003) 1, pp. 123-144
We model and measure the effects of the Northeast Dairy Compact on prices, quantities, and producer and consumer welfare, underscoring the distribution of these effects across regions and among producers and buyers. Using 1999 as a base year, simulations show that the Compact raised the farm...