Commodities & markets, Exports, International issues, Management, Media

Supply Management and Inevitable Unintended Consequences   6/15/2018

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“The program was analyzed by economists Joseph Balagtas and Daniel Sumner from Purdue University and the University of California, respectively. Their conclusion: “Such a supply management scheme may do little to reduce short-run margin variability. Lags in milk production and pricing are such that the price bump from limiting output is likely to come months after the observation of the tight margin that triggered the quota.”

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