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Wheat Marketing and Trade: Further Issues for Research - a Comment on Ryan

  • Ahmadi-Esfahani, Fredoun Z.
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    Ryan challenges agricultural economists to help overcome a number of vexed problems facing the Australian wheat industry. Previous attempts to analyse these problems have been inadequate largely because of their inability to integrate real-world market imperfections and dynamics. Accordingly, there may be considerable merit in pursuing an alternative research agenda which employs non-traditional theories, models and estimation methods. Several alternative frameworks including the sunk cost model and strategic trade policy are proposed to address the issues of single desk selling status of the Australian Wheat Board and the US Export Enhancement Program. Additional problems including product differentiation, value adding and liberalisation in importing countries are discussed prior to developing an alternative approach to estimating demand and supply elasticities.

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    Article provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.

    Volume (Year): 62 (1994)
    Issue (Month): 01 (April)

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    Handle: RePEc:ags:remaae:12400
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    1. Fredoun Z. Ahmadi-Esfahani & Roland G. Stanmore, 1992. "Is Wheat a Homogeneous Product?: A Comment," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 40(1), pages 141-146, 03.
    2. Paul Krugman, 1986. "Strategic Trade Policy and the New International Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610450, June.
    3. Brennan, John P. & Godyn, Dirk L. & Johnston, Brian G., 1989. "An Economic Framework for Evaluating New Wheat Varieties," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 57, December.
    4. Krugman, Paul R, 1987. "Is Free Trade Passe?," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 131-44, Fall.
    5. C. A. Carter & R. M. A. Loyns & Z. F. Ahmadi-Esfahani, 1986. "Varietal Licensing Standards and Canadian Wheat Exports," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 34(3), pages 361-377, November.
    6. Anania, Giovanni & Bohman, Mary & Carter, Colin A., 1991. "U.S. Export Subsidies in Wheat: Strategic Trade Policy or An Expensive Beggar-My-Neighbor tactic?," Working Papers 51148, International Agricultural Trade Research Consortium.
    7. Ahmadi-Esfahani, Fredoun Z. & Jensen, Paul H., 1994. "Contestability, Sunk Costs and Deregulation of the Australian Airline Industry: Implications for Agriculture," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148015, Australian Agricultural and Resource Economics Society.
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