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Registros recuperados: 22
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Ten Years After - Welfare Effects of the Application of the CAP in Austria, Finland and Sweden AgEcon
Niemi, Jyrki S.; Fahlbeck, Erik; Hofreither, Markus F..
Ten years ago, Austria, Finland, and Sweden joined the EU. The application of the Common Agricultural Policy (CAP) caused major repercussions on the agricultural sectors of the entering countries. This article analyses the welfare effects of accession to the EU on the agricultural markets in Austria, Finland and Sweden in a simple supply and demand framework, which is kept strictly identical across all three countries. The quantitative results of the study are derived by using standard partial equilibrium comparative static analysis in the Marshallian economic surplus framework. Using this method, the welfare effects are calculated for eight major cereal and livestock commodities produced in Austria, Finland, and Sweden by comparing the evolution of the...
Tipo: Conference Paper or Presentation Palavras-chave: Integration; EU; CAP; Austria; Finland; Sweden; Welfare analysis; International Relations/Trade; Q11; Q17.
Ano: 2005 URL: http://purl.umn.edu/24767
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WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES? AgEcon
Connor, John M..
ADM was at the center of two large global price-fixing conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but civil plaintiffs were short-changed. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable.
Tipo: Working or Discussion Paper Palavras-chave: Price fixing; Global cartel; Antitrust; Citric acid; Market structure; Structural change; Lysine; International trade; Archer Daniels Midland; Welfare analysis; Demand and Price Analysis.
Ano: 1998 URL: http://purl.umn.edu/28621
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Contributions of U.S. Crop Subsidies to Biofuel and Related Markets AgEcon
Devadoss, Stephen; Bayham, Jude.
The U.S. crop subsidies provide incentives for farmers to expand feedstock production, which benefits the biofuel producers by lowering input costs. This study develops a general equilibrium model to analyze the effects of a reduction in the U.S. crop subsidy on biofuel industries and social welfare. The impacts of feedstock policies on the biofuel market are marginal. In contrast, the biofuel mandate has a larger impact and counteracts the effects of the crop subsidy reduction. The mandate increases the demand for feedstock and causes not only grain ethanol, but also cellulosic ethanol production to rise. The mandate exacerbates the distortion, and government spending increases significantly, leading to greater welfare loss.
Tipo: Journal Article Palavras-chave: Biofuel; Environmental impacts; Farm supports; Welfare analysis; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Financial Economics; Land Economics/Use; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy; Q18; Q27.
Ano: 2010 URL: http://purl.umn.edu/100525
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WELFARE IMPLICATIONS OF INTRODUCING BIOTECH TRAITS IN A MARKET WITH SEGMENTS AND SEGREGATION COSTS: THE CASE OF ROUNDUP READY® WHEAT--SUMMARY AgEcon
Wilson, William W.; DeVuyst, Eric A.; Koo, Won W.; Taylor, Richard D.; Dahl, Bruce L..
Roundup Ready® Wheat (RRW) was one of the first genetically modified (GM) traits for the wheat sector and was under review by regulatory agencies in the United States and Canada when Monsanto withdrew it from further consideration. There are a multitude of issues associated with the ex ante evaluation of this decision. These include market acceptance and segregation, as well as the varying sources of cost savings and productivity gains. In this article, we develop a spatial partial equilibrium model of the higher-protein hard wheat market and assess the changes in the distribution of welfare associated with release and adoption of RRW. It incorporates segments for GM aversion in each market and segregation costs for each segment. Major conclusions...
Tipo: Working or Discussion Paper Palavras-chave: Genetically modified grains; Welfare analysis; Wheat; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/23611
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Welfare Impacts of Cross-Country Spillovers in Agricultural Research AgEcon
Lence, Sergio H.; Hayes, Dermot J..
The welfare implications of intellectual property protection (IPP) for private sector agricultural research are analyzed, focusing on the realistic cases in which countries provide different IPP levels, technology spills over across countries, and the public sector is involved in research. A model is developed to determine who benefits from, and who should pay for, the associated research. The paper contains some interesting results on the implications of a harmonization of IPP policies through multilateral agreements or via technology that allows research firms to prevent the copying of plants and animals that express traits that have emerged from their research.
Tipo: Working or Discussion Paper Palavras-chave: Biotechnology; GURTs; Intellectual property; Research spillover; Welfare analysis; Research and Development/Tech Change/Emerging Technologies.
Ano: 2007 URL: http://purl.umn.edu/9375
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The Golden Rule in Transfer Pricing Regulation AgEcon
Pauwels, Wilfried; Weverbergh, Marcel.
In this paper we analyze the optimal regulation of an internationally integrated monopolist, producing in one country and selling in another country. The monopolist’s pricing policy is constrained by transfer pricing regulations, and is subject to different tax rates on profits in the two countries. The governments of the two countries can use their tax rates as regulatory instruments, and they also determine an arm’s length interval of acceptable transfer prices. The two governments can cooperate in order to maximize world welfare, or they can each try to maximize their own country welfare. It is shown that in several of the solutions governments apply a golden rule. This rule requires that the firm realizes all profits in the manufacturing country, while...
Tipo: Working or Discussion Paper Palavras-chave: Transfer pricing; Welfare analysis; Political Economy; F13; K2; C72.
Ano: 2005 URL: http://purl.umn.edu/24170
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Dynamic Contingent Valuation and Choice Modelling for Ecosystem Services AgEcon
Hertzler, Greg.
Non market valuation and bio economic modelling are combined in a dynamic model of ecosystem services. A mathematical proof demonstrates that the imputed price of natural capital contains all non market values and that scarcity rent is the total value of ecosystem services. A dynamic demand system, including characteristics is derived. New methods are developed for dynamic welfare analysis and both revealed and stated preference methods are proposed for estimating the price of natural capital. Estimation is simple if we avoid surveying consumers who degrade the ecosystem and instead consult owners who accrue the scarcity rent and conserve for the future.
Tipo: Conference Paper or Presentation Palavras-chave: Non market valuation; Ecosystem services; Lancaster demand; Welfare analysis; Analytical solutions; Demand and Price Analysis; Environmental Economics and Policy; Research Methods/ Statistical Methods; Q57; Q51; Q56.
Ano: 2008 URL: http://purl.umn.edu/6024
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HOW LARGE IS THE COMPETITIVE EDGE THAT U.S.-BASED FUTURES PROVIDE TO U.S. FARMERS? AgEcon
Lence, Sergio H..
The present study advocates a simulation approach to analyze quantitatively the impact of having locally-based markets for price derivatives. A major result is that market outcomes do not appear to be sensitive to most of the underlying parameters of the model other than demand elasticity and transportation costs. For the case of inelastic demand, introduction of a futures market in a country provides domestic producers with a competitive edge if transportation costs. The most important insight of the present analysis is that, under realistic scenarios it need not be the case that local producers will gain a competitive edge over foreign producers by introducing a futures market based on the local spot prices.
Tipo: Conference Paper or Presentation Palavras-chave: Commodity markets; Derivative markets; Futures markets; Welfare analysis; Rational expectations; Marketing.
Ano: 2004 URL: http://purl.umn.edu/20371
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Measuring Social Welfare: A Dog’'s Hind Leg Possibility Postulate AgEcon
Hertzler, Greg.
Our current methods of analysing policies and the distributions of wealth insure that society is on an efficient frontier. This is not the same as a social optimum. To choose the optimal point on the frontier we need a social welfare function. Following the ordinal revolution in demand theory, a large body of research concluded that social welfare functions don't exist. The intensity of people's preferences cannot be observed and hence interpersonal comparisons are essentially impossible. This paper argues that the intensity of people's preferences can be observed and could be incorporated into a social welfare function.
Tipo: Conference Paper or Presentation Palavras-chave: Social welfare; Welfare analysis; Demand systems; Duality; Dynamic optimisation; Consumer/Household Economics; D60; D63.
Ano: 2007 URL: http://purl.umn.edu/10386
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Technical Barrier Effects of a Food Safety Measure – a Case of Finnish Salmonella Control Program AgEcon
Niemi, Jyrki S.; Peltola, Jukka; Simola, Antti.
In this paper, indirect costs of Finnish Salmonella Control Program (FSCP) due to its trade effects are evaluated. FSCP is a part of Finnish biosecurity policies intended to shield Finnish food supply and consumption chain from salmonella outbreaks. The program directly increases costs of importing by e.g. requiring costly certificates for imports. Additionally, it may cause anxiety to suppliers of imports as there are added uncertainties in the import process. As similar requirements apply to domestic suppliers, the program should not be thought of as a technical trade barrier (TBT), however, it may affect trade flows indirectly and effects may be assessed in a similar manner as those of TBT’s. The evaluation of the trade effects is performed using a...
Tipo: Conference Paper or Presentation Palavras-chave: International trade; Biosecurity; Welfare analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2008 URL: http://purl.umn.edu/43953
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The Effects of ITQ Management on Fishermen’s Welfare When the Processing Sector is Imperfectly Competitive AgEcon
McEvoy, David M.; Brandt, Sylvia J.; Lavoie, Nathalie; Anders, Sven M..
In this paper we use a general model of imperfect competition to predict welfare changes within an open-access fishery transitioning to individual transferable quota (ITQ) management. Although related research has explored the effects of market power in the harvesting sector on ITQ performance, none have considered the implications of an imperfectly competitive processing sector. This study addresses this question specifically in the context of the Atlantic herring fishery, although its implications are relevant to all fisheries with similar industry structure. Our results show that ITQs could have a negative impact on fishermen’s welfare when processors have market power and the cap on aggregate harvest is binding or becomes binding with the...
Tipo: Working or Discussion Paper Palavras-chave: ITQ; Imperfect competition; Welfare analysis; Fisheries; Risk and Uncertainty; D43; Q22; Q28; L13.
Ano: 2007 URL: http://purl.umn.edu/7389
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On the formation of international migration policies when no country has an exclusive policy-setting say AgEcon
Stark, Oded; Casarico, Alessandra; Devillanova, Carlo; Uebelmesser, Silke.
This paper identifies the migration policies that emerge when both the sending country and the receiving country wield power to set migration quotas, when controlling migration is costly, and when the decision how much human capital to acquire depends, among other things, on the migration policies. The paper analyzes the endogenous formation of bilateral agreements in the shape of transfers to support migration controls, and in the shape of joint arrangements regarding the migration policy and the cost-sharing of its implementation. The paper shows that in equilibrium both the sending country and the receiving country can participate in setting the migration policy, that bilateral agreements can arise as a welfare-improving mechanism, and that the sending...
Tipo: Working or Discussion Paper Palavras-chave: Human capital formation; International migration; Migration policies; Welfare analysis; Institutional and Behavioral Economics; Labor and Human Capital; F22; I30; J24; J61.
Ano: 2011 URL: http://purl.umn.edu/117431
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The Agricultural Policy of F.Y.R. Macedonia AgEcon
Ericson, Tina.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural policy; FYROM; Welfare analysis; Agricultural and Food Policy; Q18.
Ano: 2005 URL: http://purl.umn.edu/24488
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Consumer Welfare and the Loss Induced by Withheld Information: The Case of BSE in Italy AgEcon
Mazzocchi, Mario; Stefani, Gianluca.
The paper develops a measure of consumer welfare losses associated with withheld information about BSE linkage with vCJD. food safety. The Cost of Ignorance (COI) is measured by comparing the utility of the informed choice with the utility of the uninformed one, under condition of improved information. Unlike previous work, based on a single equation demand model, the measure is obtained retrieving a cost function from a dynamic Almost Ideal Demand System. The results indicate that Italian consumers bore a significant loss because of the delayed release of information.
Tipo: Conference Paper or Presentation Palavras-chave: Food safety; Welfare analysis; Information; Food Consumption/Nutrition/Food Safety; BSE; D80; D60; D12.
Ano: 2002 URL: http://purl.umn.edu/24927
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Domestic Grain Market Reform In China: The Contribution of Economic Policy Research Funded by ACIAR Revisited AgEcon
Mullen, John D..
Mullen (2004,2005) conducted an impact assessment of two ACIAR funded economics research projects enquiring into domestic grain market reform in China. The benefit cost ratio to ACIAR was estimated to be in the range 5:1 to 33:1. The impact assessment was conducted when grain policy was viewed as being in a period of retrenchment rather than reform and hence the assessment was ex ante in nature. Since then the methodology for estimating nominal rates of assistance in China has been modified and the late 90s is now seen as a period when reform continued despite the professed policy stance. It seems opportune to revisit Mullen’s original impact assessment to assess the extent of welfare gains actually achieved.
Tipo: Conference Paper or Presentation Palavras-chave: Impact assessment; China grain market reform; Welfare analysis.
Ano: 2009 URL: http://purl.umn.edu/48031
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WELFARE IMPLICATIONS OF INTRODUCING BIOTECH TRAITS IN A MARKET WITH SEGMENTS AND SEGREGATION COSTS: THE CASE OF ROUNDUP READY® WHEAT AgEcon
Wilson, William W.; DeVuyst, Eric A.; Koo, Won W.; Taylor, Richard D.; Dahl, Bruce L..
Roundup Ready® Wheat (RRW) was one of the first genetically modified (GM) traits for the wheat sector and was under review by regulatory agencies in the United States and Canada when Monsanto withdrew it from further consideration. There are a multitude of issues associated with the ex ante evaluation of this decision. These include market acceptance and segregation, as well as the varying sources of cost savings and productivity gains. In this article, we develop a spatial partial equilibrium model of the higher-protein hard wheat market and assess the changes in the distribution of welfare associated with release and adoption of RRW. It incorporates segments for GM aversion in each market and segregation costs for each segment. Major conclusions...
Tipo: Working or Discussion Paper Palavras-chave: Genetically modified grains; Welfare analysis; Wheat; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2005 URL: http://purl.umn.edu/23554
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Evaluation of the Japanese Rice Policy Reforms under the WTO Agreement on Agriculture AgEcon
Takahashi, Daisuke; Honma, Masayoshi.
This study aims to quantitatively evaluate the rice policy reforms in Japan since 1995. First, we review the development of the Japanese rice policy reforms since the Uruguay Round Agreement on Agriculture and the transition of the representative indices that measure the level of agricultural protection, such as the producer support estimate (PSE) and the aggregate measure of support (AMS). Next, a quantitative evaluation of the volume of transfers facilitated by the rice policies is carried out by employing the standard framework of welfare analysis. The changes in social welfare are simulated when the ex ante and ex post policies related to rice, namely, direct payment per output, purchase of rice by the government, and acreage control, are abolished and...
Tipo: Conference Paper or Presentation Palavras-chave: Rice policies; Welfare analysis; Acreage control; Agricultural and Food Policy; Q11; Q17; Q18.
Ano: 2009 URL: http://purl.umn.edu/51421
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Incomplete Demand Systems, Corner Solutions, and Welfare Measurement AgEcon
von Haefen, Roger H..
This paper demonstrates how corner solutions raise difficulties for the specification, estimation, and use of incomplete demand systems for welfare measurement with disaggregate consumption data, as is common in the outdoor recreation literature. A simple analytical model of consumer behavior is used to elucidate the potential biases for welfare measurement arising from modeling the demand for M goods as a function of M + N prices (N > 1) and income when individuals do not consume all goods in strictly positive quantities. Results from a Monte Carlo experiment suggest that these biases can be substantial for large-scale policy shocks when prices are highly correlated.
Tipo: Journal Article Palavras-chave: Demand systems; Welfare analysis; Corner solutions; Microeconometrics; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59327
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Welfare Analysis in a Multi-Market Framework: Implications of the Cap Cotton, Maize and Sugar Beet Regime in Greece AgEcon
Katranidis, Stelios D..
This paper examines the welfare effects of the Common Agricultural Policy (CAP) cotton, maize and sugar beet regimes practiced in Greece after its 1981 entry into the European Union. These markets are considered as horizontally related because there are usually the same farmers that use the same areas to produce various combinations of the relevant products. We use bootstrap techniques to conduct a statistical analysis of the estimated welfare measurements. The welfare analysis indicates that the income amounts transferred to farmers rose significantly in the period between 1981 and 1992. The 1992 CAP reform slowed down this trend, and transfers have remained at an almost statistically constant level since 1992.
Tipo: Conference Paper or Presentation Palavras-chave: Welfare analysis; Common Agricultural Policy; Bootstrapping; Greek cotton; Maize and sugar beet production.; Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/24946
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Would Subsidizing a Food Pathogen Vaccine Upset the Food Policy Applecart AgEcon
Marette, Stephan; Roe, Brian E.; Teisl, Mario F..
Vaccines against several common foodborne pathogens are being developed and could substantially alter the policy tools available to address foodborne illness. However, little analysis is available to suggest how social welfare would be affected by these new vaccines. To address this void, we use stated preference data to estimate consumer willingness to pay (WTP) for food safety vaccines and then simulate the welfare impacts on related commodity markets of subsidizing consumer purchases of the vaccine within a partial equilibrium framework. To obtain consumer demand for the vaccine from the stated preference data, we simultaneously estimate model parameters in an econometrically coherent manner that recognizes the recursive nature of responses to...
Tipo: Conference Paper or Presentation Palavras-chave: Food safety; Vaccine; Partial equilibrium; Welfare analysis; Stated preference; Food policy; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Risk and Uncertainty; D81; Q11; Q18.
Ano: 2010 URL: http://purl.umn.edu/61480
Registros recuperados: 22
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