The Optimal Seasonal Pattern of EC Exports--The Case of Wheat

Tilman Cornelius Becker ()

European Review of Agricultural Economics, 1991, vol. 18, issue 1, pages 103-15

Abstract: In this article, the seasonal pattern of EC wheat exports will be determined which maximizes EC net revenue or minimizes restitution expenditure, respectively. It is shown that this problem can be solved formulating a quadratic programming model In recent years, the level of the monthly increments for intervention and threshold prices has been progressively reduced and the intervention period has been shortened. The model is used to investigate the implication of these changes for the least restitution expenditure seasonal pattern of EC exports and to calculate the savings in EC restitution expenditure. Copyright 1991 by Oxford University Press.

Date: 1991
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European Review of Agricultural Economics is edited by Alison Burrell, Thomas Heckelei and Paolo Sckokai

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