The structural effects of state regulation of retail fluid milk prices

R. T. Masson, L. M. De Brock

Research output: Contribution to journalArticle

Abstract

Notes the announced and implied objectives of state retail fluid milk price regulation. Application of the Chamberlinian monopolistic competition model will aid in heuristically contrasting unregulated and regulated equilibria. Empirically, a simultaneous equations model will be used to study the effects of regulation upon performance and structure of the industry. Further, an estimate of the social cost of regulation will be deduced from the empirical results. The implications for public policy are presented. -Authors

Original languageEnglish (US)
Pages (from-to)254-262
Number of pages9
JournalReview of Economics & Statistics
Volume62
Issue number2
DOIs
StatePublished - May 1980

Keywords

  • Industrial egulation
  • Price regulation
  • Market prices
  • Retail prices
  • Raw milk
  • Advertising restrictions
  • Dairy industry
  • Excess capacity

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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