Imperfect Competition and Its Tariff Equivalent in International Agricultural Markets

Koshi Maeda

Journal of Rural Economics, 2013, vol. 85, issue 2, 6

Abstract: The purpose of this paper is to show that theoretical and empirical studies of agricultural trade should be conducted under the precondition that international markets are imperfectly competitive. The degree of imperfect competition in international wheat markets is calibrated as tariff equivalent. The results of the theoretical analysis showed that an erroneous assumption of perfect competition overestimated the effect of trade liberalization, while an increase in the degree of imperfect competition in international markets offset the benefit of trade liberalization. In addition, the results of the quantitative analysis showed that the present international wheat markets were imperfectly competitive, and the degree of imperfect competition had increased since the implementation of the Uruguay Round agricultural agreements.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/242295/files/Maeda-13.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aesjre:242295

DOI: 10.22004/ag.econ.242295

Access Statistics for this article

More articles in Journal of Rural Economics from Agricultural Economics Society of Japan Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().