We explore brand level strategic interactions between skim/low fat and whole milk brands by estimating detailed price elasticity matrix using quadratic almost ideal demand system for eight major U.S. cities. Results of our analysis suggest that the market and demand behavior of skim/low fat and...

This paper estimates a multivariate tobit system of monthly wholesale dairy prices where 4 prices are lower censored by the dairy price support program. Using Maximum Simulated Likelihood (MSL) we test/correct for the effects of simulation noise and present two tests for estimating multivariate...

An hedonic spatial equilibrium model of the European Union dairy sector is used to evaluate the interregional impacts of eliminating milk production quotas under a variety of domestic policy (intervention prices and domestic production/consumption subsidies) and trade policies (tariff rate...

The late 1990's is a period of substantive change in U.S. dairy policy with respect to import quotas, export subsidies, and classified pricing under state and federal milk marketing orders. An interregional model of the U.S. dairy sector is used to provide quantitative measures of the regional...

Canadian Special Milk Classes have been the focus of longstanding WTO disputes on whether they work as export subsidies. This paper models the Special Milk Classes and Commercial Export Milk (CEM) explicitly in the U.S. and Canadian dairy trade and finds their effects. The effects of trade...