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An Economic Analysis Of International Feed And Malting Barley Markets: An Econometric Spatial Oligopolistic Approach

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  • Schmitz, Troy G.
  • Koo, Won W.

Abstract

A "hybrid" spatial price equilibrium model is developed to evaluate changes in production, consumption, and trade of feed and malting barley under alternative domestic and agricultural trade policy regimes. The analysis includes the economic welfare impacts of changes in various farm subsidy programs on the United States, Canada, Australia, and European Union (EU-15) which are the four major barley exporting countries in the world. The actions of competitive U.S. grain traders under the Export Enhancement Program cause feed barley exports to be segmented into two distinct markets. A spatial equilibrium is established in which the Canadian Wheat Board and Australian marketing boards behave as oligopolists in export markets under arbitrage conditions induced by U.S. and EU-15 grain traders.

Suggested Citation

  • Schmitz, Troy G. & Koo, Won W., 1996. "An Economic Analysis Of International Feed And Malting Barley Markets: An Econometric Spatial Oligopolistic Approach," Agricultural Economics Reports 23286, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23286
    DOI: 10.22004/ag.econ.23286
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    References listed on IDEAS

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    1. Michele Veeman, 1993. "A Comment on the Continental Barley Market Debate1," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(3), pages 283-287, November.
    2. Diersen, Matthew A. & Wilson, William W. & Johnson, D. Demcey, 1995. "Quality Uncertainty and Grain Merchandising Risk: Vomitoxin in Spring Wheat," Agricultural Economics Reports 23365, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. S. J. Gibney & W. H. Furtan, 1983. "Welfare Effects of New Crop Variety Licensing Regulations: The Case of Canadian Malt Barley," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 142-147.
    4. Richard Gray & Alvin Ulrich & Andrew Schmitz, 1993. "A Continental Barley Market: Where Are the Gains?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(3), pages 257-270, November.
    5. Johnson, D. Demcey & Wilson, William W., 1994. "North American Barley Trade and Competition," Agricultural Economics Reports 23475, North Dakota State University, Department of Agribusiness and Applied Economics.
    6. Harvey G. Brooks, 1993. "First, Let's Assume We Have a Can Opener: An Analysis of the Economics of a Single North American Barley Market," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(3), pages 271-281, November.
    7. Johnson, D. Demcey & Varghese, Beena, 1993. "Estimating Regional Demand for Feed Barley: A Linear-Programming Approach," Agricultural Economics Reports 23127, North Dakota State University, Department of Agribusiness and Applied Economics.
    8. Lin, William & Riley, Peter & Evans, Sam, 1995. "Feed Grains: Background for 1995 Farm Legislation," Agricultural Economic Reports 262020, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Schmitz, Troy G. & Koo, Won W. & Wahl, Thomas I., 1998. "The Impact Of The Export Enhancement Program On International Feed Barley Markets," 1998 Annual meeting, August 2-5, Salt Lake City, UT 21018, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Koo, Won W., 1998. "Bilateral Trade Of Durum Wheat And Barley Under Custa And Implications For Farm Price And Income," Agricultural Economics Reports 23415, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Buschena, David E. & Gray, Richard S. & Severson, Ethan, 1998. "Changing Structures In The Barley Production And Malting Industries Of The United States And Canada," Policy Issues Papers 29168, Montana State University, Department of Agricultural Economics and Economics, Trade Research Center.
    4. Andrew Schmitz & Richard Gray, 2000. "The Canadian Wheat Board and feed barley," Agribusiness, John Wiley & Sons, Ltd., vol. 16(4), pages 491-501.
    5. Buschena, David E. & Gray, Richard S., 1998. "Trade Liberalization And International Merger In Cournot Industries: The Case Of Barley Malting In North America," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20950, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Rebecca K Scott, 2014. "Tax Salience vs. Price Uncertainty: Disentangling the Effects of Attention and Rational Habits," Economics Series Working Papers 736, University of Oxford, Department of Economics.
    7. Koo, Won W. & Uhm, Ihn H., 2000. "U.S.-Canada Border Disputes In Grains: Dynamic Interface Between The Free Trade Agreement And Trade Remedy Laws," Agricultural Economics Reports 23267, North Dakota State University, Department of Agribusiness and Applied Economics.
    8. Johnson, D. Demcey, 1999. "Single-Desk Selling Of Canadian Barley: Price Pooling, Price Discrimination, And Systemic Costs," Agricultural Economics Reports 23251, North Dakota State University, Department of Agribusiness and Applied Economics.
    9. Koo, Won W. & Nganje, William E. & Johnson, D. Demcey & Park, Joon J. & Taylor, Richard D., 1999. "Economic Analysis Of The Proposed North Dakota Wheat Pool; Summary," Agricultural Economics Reports 23453, North Dakota State University, Department of Agribusiness and Applied Economics.
    10. Fengxia Dong & Thomas L. Marsh & Kyle W. Stiegert, 2006. "State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(1), pages 90-103.
    11. Harvey Brooks & Troy G. Schmitz, 1999. "Price discrimination in the international grain trade: The case of Canadian Wheat Board feed barley exports," Agribusiness, John Wiley & Sons, Ltd., vol. 15(3), pages 313-322.

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