An Empirical Analysis of Economic Performance under the Marketing Order for Raisins

Ben C. French and Carole Frank Nuckton

American Journal of Agricultural Economics, 1991, vol. 73, issue 3, 581-593

Abstract: This study utilizes a dynamic econometric model of the California raisin industry to compare predictions of prices, production, profits, and related measures under the volume control program with predictions under several no-control scenarios. The outcomes are evaluated in relation to performance criteria proposed by a USDA study team. The twenty-two-year comparisons suggest that the public interest may have been well served by the raisin volume control program, or at worst there was no significant welfare loss.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:73:y:1991:i:3:p:581-593.

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