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Social Supply and the Evaluation of Food Policies

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  • Pasquale L. Scandizzo
  • Odin Knudsen

Abstract

This study develops a model of social supply, based on the hypothesis that society desires that efficient producers remain in business even if their enterprise is too small to withstand the losses caused by extreme price declines. The analysis shows that this concept can be linked to the desire of society of maintaining small producers' income above a minimum level and is consistent with a well-behaved social welfare function. The study further argues that both social demand and social supply functions may be useful for evaluating policies and projects with socially relevant effects. Copyright 1996, Oxford University Press.

Suggested Citation

  • Pasquale L. Scandizzo & Odin Knudsen, 1996. "Social Supply and the Evaluation of Food Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 137-145.
  • Handle: RePEc:oup:ajagec:v:78:y:1996:i:1:p:137-145
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    References listed on IDEAS

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    1. Bertoli, Roberto & Zuluaf, Carl R. & Irwin, Scott H. & Jackson, Thomas E. & Good, Darrel L., 1999. "The Marketing Style Of Advisory Services For Corn And Soybeans In 1995," AgMAS Project Research Reports 14792, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    2. Brown, Stephen J & Goetzmann, William N & Ibbotson, Roger G, 1999. "Offshore Hedge Funds: Survival and Performance, 1989-95," The Journal of Business, University of Chicago Press, vol. 72(1), pages 91-117, January.
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    4. Good, Darrel L. & Martines-Filho, Joao Gomes & Irwin, Scott H., 2002. "The Pricing Performance Of Market Advisory Services In Corn And Soybeans Over 1995-2000," AgMAS Project Research Reports 14784, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    5. Garcia, Philip & Adam, Brian D. & Hauser, Robert J., 1994. "The Use Of Mean-Variance For Commodity Futures And Options Hedging Decisions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(01), July.
    6. Tomek, William G. & Peterson, Hikaru Hanawa, 2000. "Risk Management in Agricultural Markets: A Survey," Staff Papers 121140, Cornell University, Department of Applied Economics and Management.
    7. Bera, Anil K. & Jarque, Carlos M., 1982. "Model specification tests : A simultaneous approach," Journal of Econometrics, Elsevier, vol. 20(1), pages 59-82, October.
    8. Brown, Stephen J, et al, 1992. "Survivorship Bias in Performance Studies," Review of Financial Studies, Society for Financial Studies, vol. 5(4), pages 553-580.
    9. Judith Chevalier & Glenn Ellison, 1999. "Are Some Mutual Fund Managers Better Than Others? Cross-Sectional Patterns in Behavior and Performance," Journal of Finance, American Finance Association, vol. 54(3), pages 875-899, June.
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    12. Kastens, Terry L. & Schroeder, Ted C., 1996. "Efficiency Tests Of July Kansas City Wheat Futures," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
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    Cited by:

    1. Pasquale Lucio Scandizzo, 2002. "A General Equilibrium Analysis of Ownership, Property Rights and Control in a Transition Economy," Working Papers 02-01, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    2. Odin K. Knudsen & Pasquale Lucio Scandizzo, 2004. "Bringing Social Standards into Project Evaluation Under Dynamic Uncertainity," CEIS Research Paper 63, Tor Vergata University, CEIS.

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