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The story of deregulation in the dairy industry

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  • Geoff Edwards

Abstract

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 deregulation bundle was an unprecedented “structural adjustment” package valued at about one and a half billion dollars (in 1998–1999). Questions are raised about the rationale for this package, the process of determining it and the means of funding it.

Suggested Citation

  • Geoff Edwards, 2003. "The story of deregulation in the dairy industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(1), pages 75-98, March.
    • Handle: RePEc:bla:ajarec:v:47:y:2003:i:1:p:75-98
    DOI: 10.1111/1467-8489.00204
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    References listed on IDEAS

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    1. Beare, Stephen & Domine, Lora & Lembit, Murray, 1989. "Trans-Tasman Trade in Manufactured Dairy Products: A Mathematical Programming Model of Imperfect Sectoral Competition," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144384, Australian Agricultural and Resource Economics Society.
    2. Freebairn, John W., 1992. "Dairy Industry Policy," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 60(01), pages 1-19, April.
    3. Beare, Stephen & Domine, Lora & Lembit, Murray, 1989. "Trans-Tasman Trade in Manufactured Dairy Products: A Mathematical Programming Model of Imperfect Sectoral Competition," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144385, Australian Agricultural and Resource Economics Society.
    4. Edwards, Geoff W., 1993. "Two Government Failures? A Tale of Sugar and Wool," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(02-1), pages 1-16, August.
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