Brunstad, Rolf Jens; Gaasland, Ivar - Institutt for Økonomi, Universitetet i Bergen - 2003
A milk marketing board (MMB) is a legislatively specified compulsory marketing institution, and a common way to regulate markets for dairy products. MMBs are based on price discrimination. As price discrimination leads to unequal profitability between products, receipts from sales are pooled and...