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The Social Cost On Production Control In The Australian Egg Industry

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  • Beck, Anthony C.

Abstract

Partial equilibrium analysis is used to estimate the social costs of production control in the Australian egg industry. These costs are compared with the estimates of the social cost of the home consumption price scheme which has operated in the past. The comparison is made for various supply and demand conditions and for alternative pricing and quota policies. The method used is to model historical supply and demand relationships for the years 1965-6 to 1972-3. Actual price and quantity data for these years is then used to estimate the social cost of home consumption pricing as it operated in that period. Simulated production controls are imposed on the model and the resulting social costs and benefits are estimated.

Suggested Citation

  • Beck, Anthony C., 1974. "The Social Cost On Production Control In The Australian Egg Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), December.
  • Handle: RePEc:ags:remaae:9142
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    File URL: http://purl.umn.edu/9142
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    References listed on IDEAS

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    1. Willard W. Cochrane, 1959. "Some Further Reflections on Supply Control," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 41(4), pages 697-717.
    2. R. M. Parish, 1962. "The Costs Of Protecting The Dairying Industry," The Economic Record, The Economic Society of Australia, vol. 38(82), pages 167-182, June.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 217 – Artificial scarcity
      by David Pannell in Pannell Discussions on 2012-06-18 00:26:31

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    Cited by:

    1. Foster, William E. & Babcock, Bruce A., 1993. "Commodity Policy, Price Incentives, And The Growth In Per-Acre Yields," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(01), July.
    2. Alston, Julian M., 1986. "Consequences of Deregulation in the Victorian Egg Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 54(01), April.

    More about this item

    Keywords

    Livestock Production/Industries;

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