Wocken, Meike; Kneib, Thomas - European Association of Agricultural Economists - EAAE - 2012
This study examines the effect of European intervention politics in the European butter market in the context of market … liberalization using the example of Germany. A heteroscedastic Tobit model is estimated using German butter market data from 1973 …-2010. There is evidence that price support has reduced price instability in the butter market. Simulation indicates that enhancing …