Producer Price Equalization

Julian Alston and John Freebairn

Review of Marketing and Agricultural Economics, 1988, vol. 56, issue 03, 34

Abstract: Most previous studies of home consumption pricing and producer price equalisation schemes have concentrated on static economic surplus effects under an assumption of a perfectly elastic export demand. This paper compares the effects of different types of producer price equalisation schemes with free trade in the wheat, milk and egg industries allowing for a downward sloping export demand. Average values and variances of prices, quantities, revenues, and economic surplus measures are estimated for each policy in a simulation model allowing a range of values for elasticities of supply and demand, market shares, and variability of supply and export demand. The stabilisation effects of equalisation schemes are evaluated using these estimates.

Keywords: Agribusiness; Consumer/Household Economics (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12270

DOI: 10.22004/ag.econ.12270

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