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Factors Affecting Market Performance with an Emphasis on Milk Resale Trade and Price Regulations in the North Central States

Robert B. Schwart, Jr. and Robert E. Jacobson
North Central Journal of Agricultural Economics
Vol. 4, No. 2 (Jul., 1982), pp. 109-118
DOI: 10.2307/1349073
Stable URL: http://www.jstor.org/stable/1349073
Page Count: 10
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Factors Affecting Market Performance with an Emphasis on Milk Resale Trade and Price Regulations in the North Central States
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Abstract

There has been some retreat from the use of state dairy price and trade practice regulations in recent years, although 26 states had such regulations in 1981. State policy makers have debated the factors affecting market performance, particularly the effects of state price and trade regulations. Marketing margins and plant productivity, the two measures of performance, were estimated and found to be a function of these types of regulations. Significant regulatory variables were regulatory budgets, preliminary investigations, and agency employees. The conclusions are state dairy price and trade practices regulations will have a positive impact on market performance.

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