Price versus Quota Reductions: U.S. Flue-Cured Tobacco Policy

Autor:	A. Blake Brown, Laura L. Martin
Rok vydání:	1996
Předmět:	Competition (economics) Consumption (economics) Economics and Econometrics Market economy Natural resource economics media_common.quotation_subject Economic rent Economics Curing of tobacco Revenue Agricultural and Biological Sciences (miscellaneous) Price reduction media_common
Zdroj:	Journal of Agricultural and Applied Economics. 28:445-452
ISSN:	2056-7405 1074-0708
DOI:	10.1017/s1074070800007434
Popis:	Declining domestic cigarette consumption, increased global competition, and loss of import restrictions indicate decreased demand for U.S. flue-cured tobacco. The effects of 10% declines in domestic and export demand are evaluated under a policy of reducing quota to maintain price versus a policy of allowing price to fall to maintain quota. Changes in prices, quantities, revenues, and economic rents are simulated. Losses to nonfarming quota owners are minimized under a policy of price maintenance, while losses in revenues to tobacco-producing areas are minimized by a policy of quota maintenance. Aggregate losses to tobacco growers are greater under a policy of quota maintenance.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b35bbbbe5f9f91144a8a9e7e70debfc8 https://doi.org/10.1017/s1074070800007434 Zobrazit plný text záznamu