The impact of regulation in shelf life on milk price

Panagiotis N. Fotis, M. Polemis
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引用次数: 5

Abstract

Abstract The scope of this paper is to investigate the impact of market deregulation on the level of farm-gate prices and the competitiveness of raw milk producers in Greece along the suggested lines of OECD. For this purpose, we use a dynamic panel data approach. We argue that the full openness of the relevant milk market segment had significant implications for the level of farmgate prices in the industry. On the one hand, market deregulation causes the increase of farmgate prices and, on the other hand, a fiercer market competition proxied by the increase in the number of firms in the industry results in a decrease in farmgate milk prices. Lastly, our empirical findings remain robust under different methodologies and sample splitting, providing a focal point to policymakers and government officials for the ex-post evaluation of the proposed OECD deregulation strategies.
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保质期规定对牛奶价格的影响
摘要本文的范围是研究市场放松管制对农场价格水平的影响,以及希腊原料奶生产商在经合组织建议的路线上的竞争力。为此,我们使用动态面板数据方法。我们认为,相关牛奶市场的全面开放对该行业的农场价格水平有重大影响。一方面,市场放松管制导致奶场价格上涨,另一方面,以行业内企业数量增加为代表的市场竞争加剧导致奶场价格下降。最后,我们的实证结果在不同的方法和样本分割下仍然稳健,为政策制定者和政府官员提供了对拟议的经合组织放松管制策略进行事后评估的焦点。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.60
自引率
8.30%
发文量
9
期刊介绍: International Journal of the Economics of Business presents original, peer reviewed research in economics that is clearly applicable to business or related public policy problems or issues. The term "business" is used in its widest sense to encompass both public and private sector—governmental, private non-profit and cooperative organizations, as well as profit-seeking enterprises. International Journal of the Economics of Business carries papers relating to three main spheres: The organization—to analyse and aid decision making and the internal organization of the business; The industry—to analyse how businesses interact and evolve within and across industries.
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