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© 1989 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

Principles of the EC dairy model

ARIE OSKAM*

Department of Agriculture Economics, Agricultural University of Wageningen

Received August 1, 1989;

Summary

The EC dairy model was developed to simulate the long-term effects of various dairy policies. Its basic elements are a supply section, a demand section and balance equations. It pays special attention to the aggregation of the different dairy products. The model is intended to examine questions arising during policy-making.

After explaining its principles, its predictions of the effects of eleven policy aspects are evaluated. Economic measures receive most attention. Data and parameters are discussed as is a simulation of long-term policy effects of four alternative policies over the period 1984–2000‘.


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