General Equilibrium Analysis of Supply Control in U.S. Agriculture
This paper provides a general equilibrium analysis of several alternative supply control measures currently employed (or proposed) for U.S. agriculture. Results confirm that acreage controls generate a large marginal excess burden. However, tradeable output quotas are found to be marginally welfare improving in the aggregate. This second-best outcome reflects the benefits associated with a reduction in policy-induced excess capacity. Permitting production in excess of the quota to be sold overseas, as has been proposed, is shown to dissipate most of the domestic gains from output controls. The paper closes with a discussion of first-best alternatives to supply control. Copyright 1991 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 18 (1991)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Fax: 01865 267 985
Web page: http://www.erae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:erevae:v:18:y:1991:i:2:p:167-91. 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: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.