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Consumer Surplus Estimates and the Source of Regression Error AgEcon
Beatty, Timothy K.M.; Brozovic, Nicholas; Ward, Michael B..
Contrary to widely held belief, we show that the source of regression error does not matter when calculating Marshallian surplus. A misspecified demand curve, not the assumed source of regression error, leads to differences in estimates of consumer surplus.
Tipo: Conference Paper or Presentation Palavras-chave: Regression Error; Marshallian Surplus; Welfare Analysis; Consumer/Household Economics; D60; C24; Q51.
Ano: 2005 URL: http://purl.umn.edu/19477
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Eastern Enlargement of the EU: A Comprehensive Welfare Assessment AgEcon
Kohler, Wilhelm.
This paper takes a welfare-view on eastern enlargement of the EU, focusing on incumbent countries. Enlargement is decomposed into three elements: Single-market integration on commodity markets, budgetary costs from EU-expenditure policies, and single market- induced migration from new to present member countries. I first use an analytical model to derive a welfare equation that identifies the principle channels for incumbent country welfare gains and losses from enlargement, including product differentiation, capital accumulation, and unemployment due to search-costs. I then propose a method that allows to extend welfare results obtained from a detailed calibrated version of this model for Germany to other incumbent countries. The approach relies on model...
Tipo: Working or Discussion Paper Palavras-chave: EU Enlargement; Economic Integration; Commercial Policy; Migration; Welfare Analysis; Computable General Equilibrium; Search Unemployment; International Relations/Trade; Political Economy; F02; F12; F13; F15; F22.
Ano: 2004 URL: http://purl.umn.edu/26377
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Milk Quota Systems: Considerations of Market and Welfare Effects AgEcon
Vavra, Pavel.
Although the key concept of a quota is simple – to set a limit on production – the market and welfare implications of operating a quota system are relatively complex. The purpose of the analysis reported in this paper is to address two aspects relevant to an evaluation of quota systems. First, quota is typically contingent on the existence of another policy, namely market price support, and as such, interacts with other policy tools in pursuing defined policy objectives. The paper examines analytically and empirically the trade-offs that exist among the individual policy tools for a given policy objective. Second, the paper discusses some important welfare effects of quota systems that are not often considered in the literature. It illustrates that if...
Tipo: Conference Paper or Presentation Palavras-chave: Milk Quota; Policy Objectives; Welfare Analysis; Quota Rent; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/25349
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An Economic Model for Bioprospecting Contracts AgEcon
Ding, Helen; Nunes, Paulo A.L.D.; Onofri, Laura.
This paper explores the use of a micro-economic model to analyse the provisions and parties of bioprospecting contracts. It focuses on the pharmaceutical industry as the representative biodiversity buyer, presenting an original theoretical framework that explains the main contract characteristics or stylised facts. Against this background, it considers the main contractors involved in these private contracts, i.e. biodiversity sellers and biodiversity buyers, analysing both the magnitude and distribution of the respective payoffs. Particular attention is devoted to the different, mixed impacts of bioprospecting contracts and patenting on social welfare. The positive welfare impacts delivered by bioprospecting contracts are associated with the potential...
Tipo: Working or Discussion Paper Palavras-chave: Bioprospecting Contract; Genetic Resource; Biodiversity Buyer; Biodiversity Seller; Patenting; Welfare Analysis; Benefit Sharing; Productivity Analysis; D21; D23; D61; L14; Q57.
Ano: 2007 URL: http://purl.umn.edu/7450
Registros recuperados: 4
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