Linkages between Regulated and Unregulated Markets: the Case of Milk Supply in Kenya
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
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.