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This research shows that the existing literature on milk marketing orders misses an important effect. Previous work ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer benefits from marketing orders have been smaller than...
Persistent link: https://www.econbiz.de/10009443570
We develop a simulation model to analyze the effects on U.S. milk markets of an Australia-U.S. free trade agreement. An important contribution to the literature is the derivation of explicit supply and demand relationships for milk components, which allows an analysis of long-term production,...
Persistent link: https://www.econbiz.de/10005338327
During the negotiations on the Australia–US free trade agreement (AUSFTA), the US dairy industry vigorously opposed opening the US market to imports of Australian dairy products on the grounds that the US industry would be devastated. Subsequently, the agreement signed in February 2004 made an...
Persistent link: https://www.econbiz.de/10009398521
Tight import barriers cover many milk products, but import quotas or prohibitive tariffs have not covered imports of a variety of high-protein specialty products. These products without tariff rate quotas include various casein and milk protein concentrate products. In recent years, imports of...
Persistent link: https://www.econbiz.de/10005801120
This research shows that the existing literature on milk marketing orders misses an important effect. Previous work ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer benefits from marketing orders have been smaller than...
Persistent link: https://www.econbiz.de/10005500357