Linkages between Regulated and Unregulated Markets: the Case of Milk Supply in Kenya
研究了肯尼亚受监管与未监管乳制品市场之间的关联，发现受监管价格上涨反而减少了该市场的牛奶收购量，同时推高了未监管市场的价格和供应量。
Abstract Linkages between the regulated and unregulated dairy markets in Kenya were examined using an econometric model of the fluid milk intake for eight processing plants. Counter‐intuitive results were obtained: an increase in the regulated price was significant in decreasing intake in the regulated market, indicating that a price increase in the regulated market also increased price and quantity supplied in the unregulated market. Lagged rainfall was a proxy for available feed and was highly significant in explaining milk intake in the regulated market.