Goals and Consequences of Rice Policy in Japan, 1965–80

Keijiro Otsuka () and Yujiro Hayami

American Journal of Agricultural Economics, 1985, vol. 67, issue 3, 529-538

Abstract: The change in welfare of producers and consumers, government cost, and the deadweight loss arising from the various forms of government interventions into the rice market in order to protect domestic producers in Japan are estimated in a partial equilibrium framework. Results of the quantitative analysis indicate that the motivation of the government was to minimize budget costs in achieving the target level of producer price support, while consumer welfare had an insignificant weight in the government's objective function. It is aiso found that acreage control is a "second best" policy to reduce social inefficiency produced from other forms of market distortions.

Date: 1985
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.2307/1241072 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:ajagec:v:67:y:1985:i:3:p:529-538.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().