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- Title
THE STRUCTURAL EFFECTS OF STATE REGULATION OF RETAIL FLUID MILK PRICES: A REPLY.
- Authors
Masson, Robert Tempest; DeBrock, Lawrence Marvin
- Abstract
The article presents authors reply to the comment on one of their research papers regarding the structural effects of state regulation of retail fluid milk prices. Authors demonstrate that the data referred to were not improperly classified and that all of their important hypotheses are robust even if they accept the proposed classifications. According to them the comment on their paper can be classified into major points raised in the commenter introduction and a variety or minor points raised in the text. According to the commenter, authors err in their theoretical predictions on the effects of deregulation, and their misclassification of New Jersey plays a pivotal role. According to the authors they explained their categorization of New Jersey as based upon the effects of a new law and litigation freezing prices to a 1964 standard. The commenter incorrectly cites this as if authors meant a single court action in mid-1969, and tries to demonstrate the minimum prices were the prevailing prices.
- Subjects
UNITED States; MILK; PRICE regulation; COMMERCIAL products; STATE regulation; DEREGULATION; HYPOTHESIS; RETAIL industry; EMPIRICAL research; PRICES; ECONOMIC models; GOVERNMENT policy
- Publication
Review of Economics & Statistics, 1982, Vol 64, Issue 3, p534
- ISSN
0034-6535
- Publication type
Article
- DOI
10.2307/1925959