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Asymmetry In The Retail Pricing Of Major Dairy Products With Implications For U.S. Dairy Policy

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  • Kinnucan, Henry

Abstract

As a result of three consecutive years of record dairy surpluses, the support price of milk was lowered 5O/cwt. in December 1983, with further reductions scheduled in 1985 if surpluses remain too high. This paper assesses the implications of these price reductions. for retail dairy prices and farm-level demand.

Suggested Citation

  • Kinnucan, Henry, 1984. "Asymmetry In The Retail Pricing Of Major Dairy Products With Implications For U.S. Dairy Policy," 1984 Annual Meeting, August 5-8, Ithaca, New York 279088, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:279088
    DOI: 10.22004/ag.econ.279088
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    References listed on IDEAS

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    1. Bruce L. Gardner, 1975. "The Farm-Retail Price Spread in a Competitive Food Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 399-409.
    2. Dale M. Heien, 1980. "Markup Pricing in a Dynamic Model of the Food Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 10-18.
    3. James P. Houck, 1977. "An Approach to Specifying and Estimating Nonreversible Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 570-572.
    4. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    5. Rudolf Wolffram, 1971. "Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches—Some Critical Notes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(2), pages 356-359.
    6. R. McFall Lamm & Paul C. Westcott, 1981. "The Effects of Changing Input Costs on Food Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 187-196.
    7. Scott, Forrest E. & Badger, Henry T., 1972. "Farm-Retail Spreads for Food Products," Miscellaneous Publications 312505, United States Department of Agriculture, Economic Research Service.
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