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CAP REFORM, WHEAT PRICE INSTABILITY AND PRODUCER WELFARE AgEcon
Thompson, Stanley R.; Gohout, Wolfgang.
We use a simple nonlinear commodity market model to illustrate the impact of recent reforms of the CAP on the variability of EU and world wheat prices. Second, within an expected utility framework we estimate the transfer and risk effects on producer welfare due to market liberalizing reforms. We found that wheat producers were over-compensated for the losses due to lower prices following the 1992 reforms. The transfer effect clearly dominated while the risk component was small. Further, we did not find producer incomes to be more unstable following to the 1992 CAP reforms.
Tipo: Conference Paper or Presentation Palavras-chave: Price transmission; CAP reform; Price instability; Producer welfare; Wheat market; Demand and Price Analysis; International Relations/Trade.
Ano: 2000 URL: http://purl.umn.edu/21780
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Cereal price instability in Ethiopia: An examination of sources and policy options AgEcon
Shahidur, Rashid; Meron, Assefa.
Managing food price instability is a long standing policy challenge, which, with mixed experiences of agricultural price policy reforms, has re-emerged as a contemporary policy issue. This is particularly true for Ethiopia, where managing food price stability continues to be a formidable policy challenge. The objective of this paper is to examine the underlying causes of cereal price instabilities and to assess the policy options to manage them. It undertakes three tasks: (a) analyzes the sources and degree of cereal price instability, (b) discusses the viability of various policy options, and (c) critically reviews the country’s past, ongoing, and emerging policies for food price stabilization. The results show that the determinants of price...
Tipo: Conference Paper or Presentation Palavras-chave: Cereal; Policy; Price instability; Ethiopia; Agricultural and Food Policy; Community/Rural/Urban Development; Crop Production/Industries; Environmental Economics and Policy; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Institutional and Behavioral Economics; International Relations/Trade; Production Economics; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/51999
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EMPIRICAL TESTS OF THE ARGUMENT THAT CONSUMERS VALUE STABLE RETAIL MILK PRICES AgEcon
Maynard, Leigh J..
Existing policy allows interstate dairy compacts if they serve a compelling public interest. Compact supporters argue consumers benefit from retail price stability, but no supporting evidence was found. Milk demand systems were estimated using scanner data and four measures of price volatility. Price volatility defined as forecast errors influenced demand, but did not systematically depress demand. Response was more elastic to unanticipated than anticipated price changes, possibly explaining the higher elasticities often observed in scanner data studies.
Tipo: Journal Article Palavras-chave: Dairy compacts; Dairy demand; Price instability; Scanner data; Demand and Price Analysis.
Ano: 2000 URL: http://purl.umn.edu/14661
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