End-Use Performance Uncertainty and Competition in International Wheat Markets

William Wilson and Todd Preszler

American Journal of Agricultural Economics, 1992, vol. 74, issue 3, 556-563

Abstract: The input characteristic model (ICM) is expanded in this paper to account for technical coefficient uncertainty. The model is used to analyze effects of price and quality on competition in the U.K. wheat import market. Results are used to identify critical quality characteristics and impacts of technical coefficient uncertainty on import demand. The expected values for most characteristics of U.S. wheat have greater variances than those of Canadian wheat. Results show that both the characteristic's level and variance are important in determining import market shares.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:3:p:556-563.

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