imply gains for Danish producers. Why then did Denmark not discover the British market earlier? We show that butter markets …

of that market, butter producers from different European countries. We argue that the capacity to react quickly to the … of butter producers. We illustrate this by discussing the different reactions to margarine and quality upgrading in … margarine had a greater impact on the price of poor quality butter than that of high quality butter, presumably because it was a …

imply gains for Danish producers. Why then did Denmark not discover the British market earlier? We show that butter markets …

of that market, butter producers from different European countries. We argue that the capacity to react quickly to the … of butter producers. We illustrate this by discussing the different reactions to margarine and quality upgrading in … margarine had a greater impact on the price of poor quality butter than that of high quality butter, presumably because it was a …

imply gains for Danish producers. Why then did Denmark not discover the British market earlier? We show that butter markets …