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Economic Impacts of the California One-Variety Cotton Law

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  • Constantine, John H
  • Alston, Julian M
  • Smith, Vincent H

Abstract

The California One-Variety Cotton Law, introduced in 1924, was intended to guarantee cotton quality and to mitigate externalities in cotton production arising from mixing different seed varieties at the gin. This paper presents quantitative estimates of the economic welfare effects of a partial deregulation under a 1978 amendment to the law. The original regulation benefited some, perhaps even most, cotton growers but became increasingly harmful to others and had adverse aggregate welfare effects. The persistence of this regulation may be due to its distributional effects. Partial deregulation yielded large increases in aggregate producer surplus but many cotton growers experienced small losses. Copyright 1994 by University of Chicago Press.

Suggested Citation

  • Constantine, John H & Alston, Julian M & Smith, Vincent H, 1994. "Economic Impacts of the California One-Variety Cotton Law," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 951-974, October.
    • Handle: RePEc:ucp:jpolec:v:102:y:1994:i:5:p:951-74
    DOI: 10.1086/261960
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    References listed on IDEAS

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    Cited by:

    1. Alan L. Olmstead & Paul W. Rhode, 2003. "Hog Round Marketing, Seed Quality, and Government Policy: Institutional Change in U.S. Cotton Production, 1920-1960," NBER Working Papers 9612, National Bureau of Economic Research, Inc.
    2. Gregg Frasco & Chulho Jung, 2001. "When producer surplus underestimates rents," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 29(4), pages 393-405, December.
    3. Tiffany Shih & Brian Wright, 2011. "Agricultural Innovation," NBER Chapters, in: Accelerating Energy Innovation: Insights from Multiple Sectors, pages 49-85, National Bureau of Economic Research, Inc.
    4. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    5. Gregg Frasco, 2002. "A comparison of rents and producer surplus when industry input supply functions are interdependent," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(4), pages 403-413, December.
    6. Wright, Brian D. & Pardey, Philip G. & Nottenburg, Carol & Koo, Bonwoo, 2007. "Agricultural Innovation: Investments and Incentives," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 48, pages 2533-2603, Elsevier.
    7. Alston, Julian M. & Pardey, Philip G. & Smith, Vincent H., 1998. "Financing agricultural R&D in rich countries: what's happening and why," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(1), pages 1-32.
    8. Wright, Brian D., 1997. "Crop genetic resource policy: the role of ex situ genebanks," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(1), pages 1-35.
    9. Wright, Brian D., 1996. "Crop genetic resource policy: towards a research agenda," EPTD discussion papers 19, International Food Policy Research Institute (IFPRI).
    10. Bullock, David S. & Dadakas, Dimitrios & Katranidis, Stelios D., 2009. "Measuring the Effects of Technology Change in Multiple Markets : Application to the Greek Cotton Yarn Industry," MPRA Paper 67204, University Library of Munich, Germany, revised 2012.
    11. Alan L. Olmstead & Paul W. Rhode, 2011. "Responding to Climatic Challenges: Lessons from U.S. Agricultural Development," NBER Chapters, in: The Economics of Climate Change: Adaptations Past and Present, pages 169-194, National Bureau of Economic Research, Inc.

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