The Impact of the Farmer-Owned Reserve on Market Structure: The Case of Wheat

William H. Meyers, Abner W. Womack and Maury E. Bredahl

No 279411, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The farmer-owned reserve is modeled as an endogenous variable in an econometric wheat model, and reduced-form impacts are obtained. The reserve equations, which are price elastic, add substantially to the elasticity of total market demand and significantly alter the impacts of exogenous shocks on price and other endogenous variables.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 1981-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279411

DOI: 10.22004/ag.econ.279411

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