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DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO

John Beghin () and Ruey-er Change

No 270665, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A multimarket model of the U.S. tobacco and cigarette industries is used to demonstrate the· fallacious implications of trade policy reform analysis that ignore imperfect substitution and supply controls. This omission underlies the PSE, nominal protection ratio, and price gap adjustment methodologies.

Keywords: Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 19
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270665

DOI: 10.22004/ag.econ.270665

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