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A Game Theoretic Analysis Of U.S. Rice Export Policy: The Case Of Japan And Korea

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  • Lee, Dae-Seob
  • Kennedy, P. Lynn
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    Abstract

    As a result of the Uruguay Round (UR), the impact on the international rice market is dramatic.The major U.S. benefit of the UR has been the access to the Japanese market. However, the U.S. share of this import market has been unstable and the share of Korean rice market is nearly zero prior to February 2002. Econometric estimation and Political Preference Function (PPF) approach are incorporated into a game theoretic analysis to analyze U.S. export potential to Japan and Korea.

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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2002 Annual meeting, July 28-31, Long Beach, CA with number 19686.

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    Date of creation: 2002
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    Handle: RePEc:ags:aaea02:19686

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    Keywords: International Relations/Trade;

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    1. Peter Kennedy, 2003. "A Guide to Econometrics, 5th Edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 026261183x, December.
    2. Hal Hill & Budy P. Resosudarmo, 2012. "Introduction," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 48(2), pages 129-142, August.
    3. Marc Nerlove, 1981. "Expectations, Plans and Realizations: In Theory and Practice," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 511, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    4. Gardner, Bruce L, 1987. "Causes of U.S. Farm Commodity Programs," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 95(2), pages 290-310, April.
    5. Gail L. Cramer & James M. Hansen & Eric J. Wailes, 1999. "Impact of Rice Tariffication on Japan and the World Rice Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 81(5), pages 1149-1156.
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