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	Provedor de dados AgEcon (1) Autor Kneib, Thomas (1) Wocken, Meike (1) Palavra-chave Agricultural and Food Policy (1) Butter market (1) C5 (1) Censored regression (1) D4 (1) Market liberalization (1) Q11. (1) Risk and Uncertainty (1) Mais... Tipo do documento Presentation (1) Ano 2012 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Tobit regression to estimate impact of EU market intervention in dairy sector AgEcon Wocken, Meike; Kneib, Thomas. This study examines the effect of European intervention politics in the European butter market in the context of market liberalization using the example of Germany. A heteroscedastic Tobit model is estimated using German butter market data from 1973-2010. There is evidence that price support has reduced price instability in the butter market. Simulation indicates that enhancing intervention price causes an increase in the expected butter price in the long-run, even though if market price is higher than intervention level. We find changing effects of stockpiling. If difference between market and intervention price is small and stock quantity is high, it significantly contributes to reducing price volatility. On the contrary if price difference is large and... Tipo: Presentation Palavras-chave: Censored regression; Market liberalization; Butter market; Agricultural and Food Policy; Risk and Uncertainty; C5; D4; Q11.. Ano: 2012 URL: http://purl.umn.edu/122528 Registros recuperados: 1 Primeira ... 1 ... Última

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