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U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program AgEcon
Siebert, John W.; Lyford, Conrad P..
This teaching note is intended as a guide for classroom use of the case, “U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program.” Some of the teaching objectives of this case are to: (1) evaluate the benefits from an industry supply control effort; (2) understand the problems and causes of oversupply in a commodity industry; and (3) learn about price equilibrium. Teachers using this note can present a dynamic analysis using the cobweb theorem. Also, teachers can compare and contrast the welfare impact of funding supply control versus the welfare impact of funding commodity promotion.
Tipo: Journal Article Palavras-chave: Livestock Production/Industries; Teaching/Communication/Extension/Profession; CWT; Dairy; Elasticity; Milk; Supply Control.
Ano: 2009 URL: http://purl.umn.edu/51711
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