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Spatial Equilibrium Analysis, Social Welfare and Rural Policy: The Case of the Wool Marketing Innovations and Reforms

Author

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  • Cassidy, P.A.
  • Kilminster, J.C.

Abstract

Radical wool marketing changes are mooted by the Australian Wool Corporation. While these intentions include wide ranging increases in market power for this supreme marketing authority, the overall proposals in their entirety, are argued as necessary to operationalize newly available wool selling and handling innovations. Supporting empirical evidence on the gains from adopting these innovations relies on spatial equilibrium models not fully in accord with the economic theory on which they are based. This paper sets out the shortcomings of these back-up studies. Based on a reconsideration of the theoretical premises, counter policy measures are advanced for consideration.

Suggested Citation

  • Cassidy, P.A. & Kilminster, J.C., 1974. "Spatial Equilibrium Analysis, Social Welfare and Rural Policy: The Case of the Wool Marketing Innovations and Reforms," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(03), pages 1-17, September.
    • Handle: RePEc:ags:remaae:7298
    DOI: 10.22004/ag.econ.7298
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    References listed on IDEAS

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    1. Powell, Alan A. & Gruen, Fred H.G., 1967. "The Estimation Of Production Frontiers: The Australian Livestock/Cereals Complex," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-19, June.
    2. Ferguson, D.C. & McCarthy, W.O., 1970. "A Spatial Analysis Approach to Size and Location of Australian Wool Selling Centres," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(04), pages 1-14, December.
    3. Weinschenck, G. & Henrichsmeyer, Wilhelm & Aldinger, F., 1969. "The Theory of Spatial Equilibrium and Optimal Location in Agriculture: A Survey," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(01), pages 1-68, March.
    4. Keith O. Campbell, 1973. "The State Marketing Board: Relic Or Prototype?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 17(3), pages 179-188, December.
    5. J. C. Hsiao, 1971. "An Economic Interpretation of the Transportation Problem," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 510-513.
    6. Freebairn, John W., 1973. "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38, June.
    7. Ferguson, D.C. & McCarthy, W.O. & Rodgers, J.L., 1972. "Determining Alternative Locations for Plant Processing Facilities: A Method for Guidance of Policymakers," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(04), pages 1-15, December.
    8. Earle W. Orr, 1957. "A Synthesis Of Theories Of Location, Of Transport Rates, And Of Spatial Price Equilibrium," Papers in Regional Science, Wiley Blackwell, vol. 3(1), pages 61-73, January.
    9. O. H. Brownlee, 1948. "Marketing Research and Welfare Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(1), pages 55-68.
    10. Ferguson, D.C. & Pemberton, G.M., 1970. "Size and Location of Australian Wool Selling Centres - A Note," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(04), pages 1-3, December.
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    Cited by:

    1. de Boer, A.J., 1977. "Rural Product Promotion: Economic Aspects Of Promotability, Organization And Public Assistance," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-25, December.

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