Supply Impact of the Milk Diversion and Dairy Termination Programs
用1983至1988年美国21个主要产奶州的月度数据，估计了牛奶转产计划和乳业终止计划对商业牛奶产量的影响，发现前者短期有效、后者长期有效，但禁止退出者五年内生产的条款无效，且各州效果差异大。
Abstract A two‐equation random coefficient regression model of commercial milk production is estimated using monthly observations from 1983 through June 1988 for the twenty‐one major milk‐producing states in the United States. Policy variables are entered into the model to represent the impact of the Milk Diversion Program (MDP) and the Dairy Termination Program (DTP). The MDP was primarily short term in impact and the DTP has been longer term. The DTP provision banning producers who exited under the program from producing for five years appears to have been ineffectual. The programs' effectiveness across states has varied considerably.