Elskamp, Rebecca; Hailu, Getu - Agricultural and Applied Economics Association - AAEA - 2013
profit maximization framework is used to illustrate the role of cost efficiency in quota exchanges (i.e., sales and purchases … that variations in cost efficiency do not have a significant effect on purchases milk production quota, whereas scale … efficiency does. Younger farmers, farms with underutilized barns space and farms with a recent history of quota purchase tend to …