Year: 1996
Type: preprint
Abstract: This document describes the economic and mathematical structure of the U. S. Dairy Sector Simula tor (USDSS2) and demonstrates its use in analyzing an efficient market solution for the U.S. dairy sector in 1993.More specifically, shadow prices at U.S. milk processing locations are derived and analyzed and optimal milk and milk product flow patterns are derived.The specific outputs are included in an appendix.USDSS builds on prior work done at Purdue University by Babb, Banker, Novakovic, and Pratt, on work done at Cornell University by Pratt, Jensen, Novakovic, and others under the auspices of the NE-126 regional dairy research committee, and on more recent work by Pratt and Novakovic and Francis.The following material is organized into four sections: a description of the model and data; a description of the scenarios analyzed; a description of the results; and a summary of the results.The results described in this material report only the annual 1993 base solution.Monthly data for May and October, 1995 is being collected.Additionally, many of the costs and geographic param eters used in this preliminary analysis, such as the transportation and processing costs and actual locations and capacities of dairy processing facilities, were originally constructed or obtained prior to 1990.We continue to update and revise this base information.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1581027340