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• W2790707911 abstract "The dairy industry is of much interest worldwide because it has been subject to heavy government intervention. Central to the analysis of any dairy policy is a quantitative empirical understanding of the economic relationships in the industry. This paper models and measures the input demand relationships—especially, derived demand for farm milk as a processing input—and the rate and biases of technical change in the U.S. dairy manufacturing industry. Our estimates indicate that the Marshallian own-price elasticity of demand for farm milk is between −0.43 and −1.20. Estimates also indicate that technical change has been capital using and labor saving." @default.
• W2790707911 created "2018-03-29" @default.
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• W2790707911 date "2018-02-08" @default.
• W2790707911 modified "2023-10-18" @default.
• W2790707911 title "The Demand for Inputs and Technical Change in the U.S. Dairy Manufacturing Industry" @default.
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• W2790707911 doi "https://doi.org/10.1017/age.2017.32" @default.
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