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- 8Canada, Alberta
- 7Dairy industry
- 4Milk production
- 2Canada, Ontario
- 2Hog producers
- 2Research and development
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- 11Resource Economics and Environmental Sociology, Department of
- 7Resource Economics and Environmental Sociology, Department of/Project Reports (Resource Economics & Environmental Sociology)
- 4Resource Economics and Environmental Sociology, Department of/Working Papers (Resource Economics & Environmental Sociology)
Author / Creator / Contributor
- 4Jeffrey, Scott
- 3Peng, Yanning
- 3Richards, Timothy J.
- 2Novak, Frank
- 2Veeman, Michele M.
- 1Bauer, Leonard
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-
The Simple Analytics of Transferable Production Quota: Implications for the Marginal Cost of Ontario Milk Production
Download1996
Using the fact that separate markets exist for used and unused quota, this paper derives a formula to compute the marginal cost of the milk production along a competitive dynamic optimization model. It is showed that, under a perfect competitive quota market, the difference between unused quota...
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