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Analyzing the Impacts of the Proposed North American Free Trade Agreement on European-North American Dairy Trade Using a Joint-Input, Multi-Product Approach

Author

Listed:
  • Bishop, Phillip M.
  • Pratt, James E.
  • Novakovic, Andrew M.

Abstract

Mathematical programming models, as typically formulated for international trade applications, may contain certain implied restrictions limiting price responsiveness, intermediate product flows, and arbitrage possibilities. These restrictions are especially important in the case of dairy, and may lead to results which are technically infeasible, or if feasible, not consistent with market equilibrating behavior. The difficulties encountered when modeling dairy trade are described, and an alternative formulation of a spatial model is presented. This formulation allows joint-inputs, multi-products, intermediate markets, and pure transshipment and product substitution forms of arbitrage.

Suggested Citation

  • Bishop, Phillip M. & Pratt, James E. & Novakovic, Andrew M., 1993. "Analyzing the Impacts of the Proposed North American Free Trade Agreement on European-North American Dairy Trade Using a Joint-Input, Multi-Product Approach," Staff Papers 121341, Cornell University, Department of Applied Economics and Management.
  • Handle: RePEc:ags:cudasp:121341
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    File URL: http://purl.umn.edu/121341
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    References listed on IDEAS

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    1. Giovanni Anania & Alex F. McCalla, 1991. "Does Arbitraging Matter? Spatial Trade Models and Discriminatory Trade Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(1), pages 103-117.
    2. Anderson, Kym & Tyers, Rod, 1988. "Agricultural Protection Growth in Advanced and Newly Industrialized Countries," 1988 Conference, August 24-31, 1988, Buenos Aires, Argentina 183108, International Association of Agricultural Economists.
    3. Richard E. Just & Ernst Lutz & Andrew Schmitz & Stephen Tumovsky, 1977. "The Distribution of Welfare Gains from International Price Stabilization under Distortions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(4), pages 652-661.
    4. Honma, Masayoshi & Hayami, Yujiro, 1986. "Structure of agricultural protection in industrial countries," Journal of International Economics, Elsevier, vol. 20(1-2), pages 115-129, February.
    5. Just, Richard & Lutz, Ernst & Schmitz, Andrew & Turnovsky, Stephen, 1978. "The distribution of welfare gains from price stabilization : An international perspective," Journal of International Economics, Elsevier, vol. 8(4), pages 551-563, November.
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    Cited by:

    1. Paulo D. WAQUIL & Thomas L. COX, 1995. "Spatial Equilibrium With Intermediate Products: Implementation And Validation In The Mercosur," Staff Papers 388, University of Wisconsin Madison, AAE.

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