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| Brennan, John P.; Godyn, Dirk L.; Johnston, Brian G.. |
| Estimation of the benefits of research using changes in producer and consumer surplus following a research-induced shift in the supply curve provides a useful framework for the analysis of new wheat varieties. However, the framework assumes an homogeneous product, which is not the case for wheat where there are changes in quality as a result of research. This aspect is particularly important where there is a trade-off between quality and yield, as in the case of a higher-yielding, but lower-quality wheat variety. The aim of this paper is to incorporate these quality aspects into an analysis based on a partial equilibrium framework by separating the wheat market into segments based on wheat quality. A change in the type of wheat produced can then be... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1989 |
URL: http://purl.umn.edu/12447 |
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