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| Lloyd, Peter J.. |
| This paper derives a family of multiple-output multiple-input production functions from the underlying technologies. These technologies are represented by average yield functions for each of the commodities (crops) produced from a common pool of resources. The production functions are implicitly separable. Examples include the CRETH, translog, generalised power and generalised McFadden functions. Moreover, given a function which is a member of this family, the individual commodity yield and production functions can be recovered. Such implicitly separable multiple-output production functions may exhibit economies or diseconomies of scope which reflect the interactions between outputs sharing a common pool of resources. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization; Research Methods/ Statistical Methods. |
| Ano: 1989 |
URL: http://purl.umn.edu/22584 |
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| Lloyd, Peter J.. |
| The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi-period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems of designing government programs which are intended to increase job mobility. The main conclusion is that government interventions may impose costs on the economy which are greater than the benefits because the information needed to assess costs and benefits is not generally available and political pressures may distort the expenditures. |
| Tipo: Journal Article |
Palavras-chave: Public Economics; Research Methods/ Statistical Methods. |
| Ano: 1980 |
URL: http://purl.umn.edu/22768 |
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| Lloyd, Peter J.; Croser, Johanna L.; Anderson, Kym. |
| Despite reforms over the past quarter-century, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions such as the nominal rate of assistance and consumer tax equivalent provide measures of the degree of intervention, but they can be misleading as indicators of the true effects of those policies. By drawing on recent theoretical literature that provides indicators of the trade- and welfare-reducing effects of price and trade policies, this paper develops more-satisfactory indexes for capturing distortions to agricultural incentives. It then exploits the Agricultural Distortion database recently compiled by the World Bank to generate estimates of them for both developing and high-income... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Distorted incentives; Agricultural and trade policies; Trade restrictiveness index. |
| Ano: 2009 |
URL: http://purl.umn.edu/48049 |
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