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Measures of Distorting Support in the Context of Production Quotas

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  • Guyomard, Herve
  • Mahe, Louis-Pascal

Abstract

This paper provides a general framework for measuring farm support when both price and quantity policy instruments are used jointly. It is based on duality theory in production, i.e., on profit functions corresponding to different (dis-)equilibrium situations. Total Support is decomposed into a Neutral component and a Distorting part related to shadow prices of fixed quantities. An application to the reduction in support to the EC farm sector from 1986 to 1988 suggests that the EC could claim an extra 4.4 billion ECU of "credit" if the Distorting concept had been used in the GATT. Limitations of quota as second-best policies are pointed out. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Guyomard, Herve & Mahe, Louis-Pascal, 1994. "Measures of Distorting Support in the Context of Production Quotas," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 21(1), pages 5-30.
    • Handle: RePEc:oup:erevae:v:21:y:1994:i:1:p:5-30
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    Cited by:

    1. Maurice Doyon, 2002. "Analyse critique du concept d'ESP, estimation du soutien au producteur. Application au secteur laitier," Économie rurale, Programme National Persée, vol. 272(1), pages 74-87.
    2. Sckokai, Paolo, 2001. "The Common Agricultural Policy In Econometric Models," Working Papers 14800, National Institute of Agricultural Economics, Italy - INEA, Osservatorio Sulle Politiche Agricole dell'UE.
    3. Philippe Boyer, 1997. "Evaluation of costs and benefits of agricultural policies. Focuns about economic approaches [L’ÉVALUATION DES COÛTS ET AVANTAGES DES POLITIQUES AGRICOLES Le point sur quelques approches économiques," Post-Print hal-02966428, HAL.
    4. Semos, Anastasios V., 2001. "Estimation of Producer's Assistance and Evaluation of Agricultural Policy for Olive Oil in Greece," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 2(2), pages 1-12, August.

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