A Dynamic Analysis of Marketing Orders, Voting, and Welfare
构建了一个动态模型，分析追求利润最大化的农民如何基于对利润路径的理性预期，就营销秩序规则进行投票，并比较动态与静态福利分析的差异。
Abstract This paper presents a dynamic model of how profit‐maximizing farmers would vote on marketing order rules given that new firms will enter, based on rational expectations (perfect foresight) about the path profits follow. Early entrants make large short‐run gains while, in the long run, marginal firms break even. Welfare analyses under a dynamic model differ substantially from the static analyses normally reported.