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- W2407433564 abstract "Abstract This paper considers various policy alternatives to price ceiling legislation in the market for production quotas in the dairy farming sector in Quebec. I develop a model of farmers’ demand for quotas and estimate a structural parameter that is required for the counterfactual experiments. Using my econometric results and the modelled equilibrium price, I estimate the price of dairy quotas over the period 1993–2011. The counterfactual experiments indicate that the price of quotas could be reduced to the ceiling price through a 4.16% expansion of the aggregate supply of quotas, or through moderate trade liberalization of Canadian dairy products." @default.
- W2407433564 created "2016-06-24" @default.
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- W2407433564 date "2015-11-01" @default.
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- W2407433564 title "Between a cap and a higher price: Modelling the price of dairy quotas under price ceiling legislation" @default.
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- W2407433564 doi "https://doi.org/10.1111/caje.12153" @default.
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