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Trade Gains And Welfare Costs Of Income Stabilization Programs For Hog Producers In Quebec

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  • Coffin, H. Garth
  • Henning, John C.

Abstract

The welfare costs of deficiency payments for an exported commodity may, under certain conditions, outweigh the gains from trade. The potential welfare impacts of stabilization programs in the hog sector in Quebec are estimated, based on a partial equilibrium framework, and elasticity estimates drawn from other sources. The results indicate that the loss in surplus in Quebec as a result of deficiency payments is very modest at approximately $8.5 million or 1.7% of the value of production. Meanwhile, the net gains from trade remain on the order of $14 million.

Suggested Citation

  • Coffin, H. Garth & Henning, John C., 1989. "Trade Gains And Welfare Costs Of Income Stabilization Programs For Hog Producers In Quebec," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 18(2), October.
  • Handle: RePEc:ags:nejare:28864
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    File URL: http://purl.umn.edu/28864
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    References listed on IDEAS

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    1. Robert L. Ohsfeldt & Barton A. Smith, 1988. "Assessing the Accuracy of Structural Parameter Estimates in Analyses of Implicit Markets," Land Economics, University of Wisconsin Press, vol. 64(2), pages 135-146.
    2. Epple, Dennis, 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 59-80, February.
    3. Bartik, Timothy J, 1987. "The Estimation of Demand Parameters in Hedonic Price Models," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 81-88, February.
    4. Kenneth E. McConnell, 1977. "Congestion and Willingness to Pay: A Study of Beach Use," Land Economics, University of Wisconsin Press, vol. 53(2), pages 185-195.
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    Keywords

    Livestock Production/Industries;

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