| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A COST-BASED MODEL OF SEASONAL PRODUCTION, WITH APPLICATION TO MILK POLICY
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| Autores: |
Hennessy, David A.
Roosen, Jutta
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| Data: |
2003-01-14
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| Ano: |
2003
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| Palavras-chave: |
Efficiency
Market intervention
Quota
Stabilization
Storage subsidies
Livestock Production/Industries
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| Resumo: |
Milk production is seasonal in many European countries. While quantity seasonality poses capacity management problems for dairy processors, a European Union policy goal is to reduce price seasonality. After developing a model of endogenous seasonality, we study the effects of three E.U. policies on production decisions. These are private storage subsidies, production removals, and production quotas. When cost functions are seasonal in a specified way, then arbitrage opportunities interact with storage subsidies to reduce both price and consumption seasonality. But production seasonality likely increases because storage subsidies promote temporal market integration. Conditions are identified under which product market interventions increase quantity seasonality.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
6795
http://purl.umn.edu/18587
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| Editor: |
AgEcon Search
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| Relação: |
Iowa State University>Center for Agricultural and Rural Development>CARD Working Paper Series
CARD Working Paper 03-WP 323
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| Formato: |
31
application/pdf
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