Application of Price Elasticities to Farm Policy Analysis: Comment

Chung-Liang Huang

Journal of Agricultural and Applied Economics, 1979, vol. 11, issue 2, 131-133

Abstract: In an article titled, “Application of Price Elasticities to Farm Policy Analysis,” Bateman and Stennis [1] present an intriguing analysis of the use of demand elasticities for U.S. farm policy in the world market perspective. They present two different approaches to demonstrate the importance of the world market to U.S. agriculture and conclude that unilateral reduction in production of U.S. farm products is not likely to enhance and to maintain farm income unless the farm commodities under consideration are almost perfectly inelastic in the world market and/or the U.S. is the only or dominant source of supply. The analyses are based on the estimated elasticities and the logic of economic deduction.

Date: 1979
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

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:cup:jagaec:v:11:y:1979:i:02:p:131-133_01

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().