Ooms, Daan L.; Peerlings, Jack H. M. - In: European Review of Agricultural Economics 32 (2005) 4, pp. 517-537
This paper estimates a production function for milk using a generalised method of moments estimator to avoid the endogeneity problem. Using the first-order conditions for profit maximisation, the economic effects for individual Dutch dairy farms of the 2003 EU dairy policy reform are analysed....