농업경제연구

Korean Agricultural Economics Association

제목 Effects of an increase in the raw milk price on the Korean infant formula industry
저자 Byeong-Il Ahn
발행정보 46권 3호 (2005년 9월) 페이지 99~118
초록 This paper shows that suppliers can be separated into different categories under an oligopoly market and that policy effects on each group of suppliers can be different. Simulation results from an oligopoly model with domestic and foreign suppliers suggest that the 13% increases in the raw milk price has no significant effects on the price and consumption of infant formula regardless of demand elasticities. Price increse in the raw milk, however, causes a large decrease in the consumption of domestic infant formula.
논문파일 농업경제연구-2005(46권제3호)-05.pdf