Impacts of energy prices and trade-demand elasticities on Saskatchewan agriculture
Devi Tewari,
Suren(dra) Kulshreshtha and
A. Schmitz
Energy, 1989, vol. 14, issue 11, 737-746
Abstract:
With the help of a quadratic programming sector model of Saskatchewan agriculture, it is demonstrated that magnitudes or rising energy-price impacts can be significantly different if producers face different levels of trade-demand elasticities. Although consumers would always lose as a result of rising energy prices under varying demand elasticities, this is not always the case with producers. Net returns to producers may increase even under a rising energy-price regime if they face very inelastic markets. Similarly, other energy price impacts are shown to differ significantly under varying demand elasticities.
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:14:y:1989:i:11:p:737-746
DOI: 10.1016/0360-5442(89)90007-8
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