Entry, Exit, and Farm Size: Assessing an Experiment in Dairy Price Policy
建模并估计了康涅狄格州奶牛场在乳制品价格政策下的退出与规模变化，发现该政策减少了农场退出并适度增加了奶牛数量，而发展压力和低失业率则增加了退出。
This article models and estimates the forces behind farm exits and changes in herd‐size among Connecticut dairy farms under the New England Dairy Compact. A model of sunk costs and farm capital investment is used to specify two econometric estimations: a random effects probit model of farm entry and exit and an autocorrelated generalized least squares panel data model of farm size. The Dairy Compact's price strategy reduced farm exits and moderately increased cow numbers. In contrast, development pressures and historically low unemployment rates increased farm exits.