An Analysis of 1980s Dairy Programs and Some Policy Implications
用八方程计量模型模拟1980年代美国三项乳制品纠正措施，发现其效果不完整或短暂，并指出更积极降低支持价格能有效减少政府和消费者成本、降低对生产者的转移支付。
Abstract Excessive government purchases of dairy surpluses during the early 1980s prompted three corrective measures: the Milk Diversion Program, Dairy Termination Program, and lower support prices. An eight‐equation econometric model of the dairy sector simulates these programs and shows them to be incomplete or impermanent in their effects. However, further analysis shows that a more aggressive policy of lower support prices would be effective in reducing costs to government and consumers, and lowering transfers to producers.