Seasonal variability and a farmer's supply response to protein premiums and discounts

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Seasonal variability and a farmer's supply response to protein premiums and discounts

This article extends the analysis of the impact of a system of protein premiums and discounts to that on a farmer's planned production. Despite an unambiguously negative impact on expected pro¢ts of equally likely premiums and discounts, supply response to the introduction of such a system is shown to depend on the level of seasonal variability faced by the farmer. In particular, farmers in reg...

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ژورنال

عنوان ژورنال: The Australian Journal of Agricultural and Resource Economics

سال: 1998

ISSN: 1364-985X,1467-8489

DOI: 10.1111/1467-8489.00035