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| Sureshwaran, Suresh; Thompson, C. Stassen; Henry, Mark S.; Loyd, M.I.. |
| Reservations on technical and theoretical grounds in the use of the consumer surplus approach to measure benefits of government programs have often appeared in the literature. Therefore, this paper uses an alternative approach in a case study to estimate the annual economic surplus created in South Carolina from deregulating tobacco production. Impacts of deregulation on cropping patterns and income on representative tobacco farms, and distribution of benefits in the economy are examined. Results of this study indicate that deregulation stimulates the economy and would increase the net value added by $5.8 million in the long run. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1990 |
URL: http://purl.umn.edu/30000 |
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| Wells, Gary J.; Miller, Stephen E.; Thompson, C. Stassen. |
| Previous studies have consistently indicated the anomalous result of a price inflexible demand for pecans. However, these efforts did not have an adequate measure of pecan stocks available and, as a result, stocks were either excluded from consideration or a proxy variable was introduced. A time series of pecan stocks is now available. Use of this time series in a price dependent demand function results in a flexible farm level demand for pecans. This points out the danger of excluding an appropriate variable or using a so-called "reasonable" proxy variable. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1986 |
URL: http://purl.umn.edu/29447 |
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