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| Meilke, Karl D.; Lariviere, Sylvain; Martin, Craig. |
| The world dairy industry is one of the most heavily protected in the agri-food sector. Exports of dairy products are dominated by the EU, the United States, New Zealand, and Australia. The major importers of dairy products are far less concentrated but include the EU, Japan, Mexico, Russia, the United States, and many others. The Canadian dairy industry came out of the Uruguay Round of trade negotiations with the continued ability to practise supply management, thereby allowing it to: (1) maintain prices above world market levels and (2) control the allocation of output to the domestic market. In fact, the Agreement on Agriculture opened the door for Canada to become a more aggressive exporter of dairy products by practising price discrimination between... |
| Tipo: Journal Article |
Palavras-chave: Dairy; Dispute; Export competition; Price discrimination; Processors; Tariffication; International Relations/Trade. |
| Ano: 2001 |
URL: http://purl.umn.edu/23855 |
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| Turvey, Calum G.; Weersink, Alfons; Martin, Craig. |
| This paper argues that under a commercial export milk program the market value of quota will be determined by the spread between the domestic market price and the export price rather than the conventional wisdom that it is determined by the spread between the domestic milk price and the marginal cost of production. Under this new economy it was argued that ultimately the market price of dairy quota will be priced independently of firm marginal costs, which implies that low cost (or high margin) producers will not hold an economic advantage in bidding for quota over higher cost producers. Regression results are consistent with the hypothesized positive relationship between quota value and the difference between domestic and export milk price. The average... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/34107 |
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