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| Spriggs, John. |
| There are three main parts to this paper. The first concerns the adaptation of conventional demand and supply theory to explain why and when the development of substitutes occurs. The second part is a discussion of four examples of substitutes that appear to have completed their developmental process. This is to see how the theory fares in practice. In the third part, implications of the theory are drawn for the beef industry which recently had its first serious encounter with substitutes. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 1975 |
URL: http://purl.umn.edu/13328 |
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| Cameron, D. Lynne; Spriggs, John. |
| Canada's Western Grain Stabilization program is analyzed to determine the extent to which it acts as a buffer between the Canadian grains economy and the international grains economy. A dynamic stochastic simulation model is constructed to examine how Canada's Western Grain Stabilization Program modifies the transmission of: (a) domestic yield variability to the foreign grain market and (b) foreign demand variability to the domestic grains market. With respect to (a), the program was found to aggravate international uncertainty only very slightly while with respect to (b) it was found to substantially reduce domestic uncertainty. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy; International Relations/Trade. |
| Ano: 1991 |
URL: http://purl.umn.edu/32591 |
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