농업경제연구

Korean Agricultural Economics Association

제목 Duration dependencies of mark-up in the U.S. raw milk Markets
저자 Byeong-Il Ahn
발행정보 47권 3(영문)호 (2006년 9월) 페이지 93~118
키워드
초록 This paper investigate duration dependencies of over-order premium, which is a mark-up over the minimum price, in the markets for raw milk that is used for beverage milk in the U.S. Empirical estimation results of Weibull, Exponential and Cox-Proportional hazard models indicate that duration of over-order premium positively correlated with marginal costs while negatively correlated with demand shifters that move demand curve upwards. These results implies that dairy cooperatives have incentives to keep the existing over-order premium under relatively higher marginal costs while to set a new over-order premium under relatively higher demand.
논문파일 농업경제연구-2006(47권제3호)-영문-05.pdf