Price and quantity controlled agricultural markets and disequilibrium econometrics: a survey

Eddie Oczkowski

Agricultural Economics, 1993, vol. 9, issue 1, 53-87

Abstract: This survey reviews the literature on estimating single markets in disequilibrium in the presence of regulated price and/or quantity controls, e.g., minimum price regimes and/or marketing quotas. Most of the literature is found to describe pure econometric technique, with only a few applications having emerged to date. Various reasons for the broad non‐acceptance of this literature are offered, including a perceived lack of realism. Proposals to close this econometric theory–application gap are put forward, including: the use of effective demand concepts in specifying demand and supply functions; synthesizing some closely related literature on agricultural price/quantity controls with disequilibrium econometrics (i.e., endogenous government policy and the effects controls have on yield uncertainty and price risk); and outlining more ‘applicable’ econometric technique extensions.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/j.1574-0862.1993.tb00259.x

Related works:
Journal Article: Price and quantity controlled agricultural markets and disequilibrium econometrics: A survey (1993)
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:bla:agecon:v:9:y:1993:i:1:p:53-87

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0169-5150

Access Statistics for this article

Agricultural Economics is currently edited by W.A. Masters and G.E. Shively

More articles in Agricultural Economics from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().