Author: Stephen Labson
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Book Description
Evaluation of US agricultural policy reform is complicated by the interaction of price support programs and production constraints. Researchers have typically presumed that price support policies as observed in the US wheat program increase the producer incentive at the margin,' however, little work has been done to determine whether such a presumption is warranted by the data. In this paper the structural model of price support based on production constraints is developed and its predictions compared with the data. From the structural model, a simulation model is constructed to evaluate the effect of US agricultural policy reform on us wheat production, exports and price. Simulation results demonstrate that the elimination o/price support and production controls increases acreage planted to wheat, as a portion of acreage which was previously set aside is returned to production. The net increase in production leads to a corresponding decrease in market price. The price effects are found to be potentially large given the inelastic nature of excess demand.
Author: Stephen Labson
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
Evaluation of US agricultural policy reform is complicated by the interaction of price support programs and production constraints. Researchers have typically presumed that price support policies as observed in the US wheat program increase the producer incentive at the margin,' however, little work has been done to determine whether such a presumption is warranted by the data. In this paper the structural model of price support based on production constraints is developed and its predictions compared wi tit the data. From the structural model, a simulation model is constructed to evaluate the effect of US agricultural policy reform on us wheat production, exports and price. Simulation results demonstrate that the elimination o/price support and production controls increases acreage planted to wheat, as a portion of acreage which was previously set aside is returned to production. The net increase in production leads to a corresponding decrease in market price. The price effects are shown to be potentially large, given the inelastic nature of excess demand facing the US.
Author: B. Stephen Labson
Publisher:
ISBN:
Category :
Languages : en
Pages : 5
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Book Description
Author: Richard E. Just
Publisher:
ISBN:
Category : Agriculture and state
Languages : en
Pages : 62
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Book Description
Author: Gordon C. Rausser
Publisher: Springer Science & Business Media
ISBN: 3642792847
Category : Technology & Engineering
Languages : en
Pages : 358
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Book Description
This volume is dedicated to understanding the political economy obstacles to trade reform, especially global agricultural trade reform, and how these obstacles can be surmounted. The focus is on the trade reform under the GATT negotiations. New political-economic methodologies are used to assess and evaluate the obstacles and original scholarly analyses have been designed to explain why agriculture - among so many topics - became such a significant problem in the most recent Uruguay Round of the GATT.
Author: Tilman Becker
Publisher:
ISBN:
Category : Agriculture and state
Languages : en
Pages : 356
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Book Description
Author: Australian Bureau of Agricultural and Resource Economics
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 120
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Book Description
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 698
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Book Description
Author: Jeffrey David McDonald
Publisher:
ISBN:
Category :
Languages : en
Pages : 252
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Book Description
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 658
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Book Description
