IDEAS home Printed from
   My bibliography  Save this article

Is A Beef Deficiency Payment Pareto-Superior In South Korea?


  • Nelson, Gerald C.
  • Lee, Yong-Kee


South Korea uses a quota and a tariff on beef imports to keep farm prices high. Part of the quota rents are used to support indirect benefits to producers. The welfare costs of these policies are analyzed. Following a suggestion of Hayami, a deficiency payment financed by tariff revenues from increased imports is considered as an alternative to the quota. As Anderson (1983) found for Japan, a deficiency payment is Pareto-superior only if indirect benefits from the quota revenue are ignored.

Suggested Citation

  • Nelson, Gerald C. & Lee, Yong-Kee, 1991. "Is A Beef Deficiency Payment Pareto-Superior In South Korea?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  • Handle: RePEc:ags:wjagec:32622

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    International Relations/Trade;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32622. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.