To analyse farmer market access following European dairy-market liberalization, this article provides a novel, institutional and spatially explicit approach to contract theory. Contractual reciprocal agreements, bargaining power, the regulatory framework, the regional market structure, quality...

The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating case study in microeconomic reform. The role of interacting industry and institutional features in the movement to deregulation is explained, with political realities being recognised. A key part of the...

This article analyzes the efficiency of partial market liberalization and policy reform with an application to the European dairy sector. In a second best world, partial moves toward market liberalization are not always efficiency improving. We develop a general equilibrium model to investigate...