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Yield uncertainty and milk supply response in two-tier price systems

dc.contributor.authorAtsbeha, Daniel Muluwork
dc.date.accessioned2018-06-26T17:16:41Z
dc.date.available2018-06-26T17:16:41Z
dc.date.created2017-01-10T10:29:44Z
dc.date.issued2017-01-30
dc.identifier.citationJournal of Agricultural and Applied Economics. 2017, 49 (1), 66-82.nb_NO
dc.identifier.issn1074-0708
dc.identifier.urihttp://hdl.handle.net/11250/2503084
dc.description.abstractIn two-tier price systems, yield uncertainty creates incentives to overproduce quantity-restricted outputs even when prices for surplus output are very low. These incentives arise from precautionary motives against expected losses from quota shortfalls. Using an approach augmented for multiple input applications, the likelihood of excess production and the relative importance of price changes in different markets are estimated for Icelandic dairy farms. The results indicate that the average farm plans to exceed its quota, and price changes in the surplus milk market are approximately three times more effective in generating supply response than price changes in the quota milk market.nb_NO
dc.description.abstractYield uncertainty and milk supply response in two-tier price systemsnb_NO
dc.language.isoengnb_NO
dc.publisherCambridge University Pressnb_NO
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectDairy quotanb_NO
dc.subjectmilk yieldnb_NO
dc.subjectproduction risknb_NO
dc.subjectsupply responsenb_NO
dc.subjecttwo-tier price systemnb_NO
dc.subjectyield uncertaintynb_NO
dc.titleYield uncertainty and milk supply response in two-tier price systemsnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.rights.holder© The Author(s) 2017nb_NO
dc.source.pagenumber66-82nb_NO
dc.source.volume49nb_NO
dc.source.journalJournal of Agricultural and Applied Economicsnb_NO
dc.source.issue1nb_NO
dc.identifier.doi10.1017/aae.2016.40
dc.identifier.cristin1424001
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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Navngivelse 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal