Consumer Tax Production Quota Buyouts and Negative Compensation: Producers’ Dilemma

Milk producers in the UK are paid according to their production of milk fat, protein and lactose. The production quota system also includes an element restricting fat production. It is therefore important to be able to predict the changes in production of milk solids arising from changes in feed inputs. There are few published predictive models for this purpose (e.g. Sporndly 1989, Emery, 1978) and none under UK conditions. This is a preliminary study to identify and quantify some of the factors affecting yields of milk constituents as a first stage in the development of predictive models.

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Quantifying the advantages of production quota flexibility in the automotive industry

International Journal of Production Research ◽

10.1080/00207549508930177 ◽

1995 ◽

Vol 33 (3) ◽

pp. 741-755 ◽

Cited By ~ 1

Author(s):

R. R. INMAN

Keyword(s):

Automotive Industry ◽

Production Quota

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A Note on the Efficiency of Income Redistribution with Simple and Combined Policies

Agricultural and Resource Economics Review ◽

10.1017/s1068280500006584 ◽

1998 ◽

Vol 27 (2) ◽

pp. 266-269 ◽

Cited By ~ 5

Author(s):

David S. Bullock ◽

Klaus Salhofer

Keyword(s):

Set Theory ◽

General Result ◽

Policy Instruments ◽

Income Redistribution ◽

Optimal Combination ◽

Production Quota

Recent studies have investigated the efficiencies of policies that use several policy instruments simultaneously (for example, a policy that uses a production subsidy combined with a production quota). Several studies of very specific cases find that optimal combination of two policy instruments is more efficient than optimal independent use of either. In this note we demonstrate using set theory and maximization theory, that all such specific results are examples of a more general result, which is that by combining m instruments efficiently, a government can always be at least as efficient as when using a subset of those m instruments. This result holds for any of the several definitions of “efficiency” in the literature.

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Optimization in production quota problem with convex cost function

Applied Mathematics and Computation ◽

10.1016/j.amc.2005.09.095 ◽

2006 ◽

Vol 177 (2) ◽

pp. 652-658 ◽

Cited By ~ 1

Author(s):

Chaochun Qu ◽

Ping Wang

Keyword(s):

Cost Function ◽

Convex Cost ◽

Production Quota

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Autoregressive models for the prediction of constituents of milk in dairy cows

Proceedings of the British Society of Animal Production (1972) ◽

10.1017/s0308229600019796 ◽

1991 ◽

Vol 1991 ◽

pp. 27-27

Author(s):

A. J. Rook

Keyword(s):

Dairy Cows ◽

Milk Fat ◽

Empirical Models ◽

Protein Yield ◽

Autoregressive Models ◽

Multiple Regressions ◽

The Uk ◽

Milk Solids ◽

Use Of Models ◽

Production Quota

Milk producers in the UK are paid according to their production of milk fat, protein and lactose and are also subject to a production quota which includes an element restricting fat production. The ability to predict the production of milk solids consequent on the feed inputs and animal state is therefore important. Results reported previously (Rook, Sutton and France, 1990) showed that multiple regressions of milk constituent yields on feed variables and animal characteristics such as parity and postcalving liveweight fitted poorly, with R2 ranging from 0.35 for lactose yield to 0.52 for protein yield. In practice, however, previous yields are often available and can be used to improve the fit of these empirical models. This study investigated the use of models including previous yields.

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THE NOT-SO-SIMPLE ECONOMICS OF PRODUCTION QUOTA BUYOUTS

Journal of Agricultural and Applied Economics ◽

10.1017/aae.2016.5 ◽

2016 ◽

Vol 48 (2) ◽

pp. 119-147 ◽

Cited By ~ 3

Author(s):

ANDREW SCHMITZ ◽

DWAYNE HAYNES ◽

TROY G. SCHMITZ

Keyword(s):

General Equilibrium ◽

Case Studies ◽

Consumer Surplus ◽

Economic Analyses ◽

The Impact ◽

Production Quota

AbstractThis article updates and expands the literature on the impact of production quotas. Unlike many of the early studies, our focus is largely on the removal of production quota programs. We study cases wherein production quota programs have been eliminated and quota owners were compensated for their losses. Specifically, we examine (1) production quotas in both the absence and presence of trade, (2) production quota buyouts (three case studies), (3) sources of funding, and (4) general equilibrium considerations. A fifth section briefly discusses externalities, the interpretation of consumer surplus measures, and the nature of conducting economic analyses of addictive goods.

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