Partial Market Liberalization and the Efficiency of Policy Reform: The Case of the European Dairy Sector
Zohra Mechemache (),
Jean-Paul Chavas (),
Thomas L. Cox and
Vincent Réquillart ()
American Journal of Agricultural Economics, 2002, vol. 84, issue 4, 1003-1020
This article analyzes the efficiency of partial market liberalization and policy reform with an application to the European dairy sector. In a second best world, partial moves toward market liberalization are not always efficiency improving. We develop a general equilibrium model to investigate the efficiency implications of discrete changes in government policy. The analysis covers price and quantity instruments used in both domestic and trade policy. We derive simple cnditions under which partial market liberalization is efficiency improving. We apply the approach to agricultural policy reform in the European dairy sector and identify market liberalization scenarios that are “not” efficiency improving. Copyright 2002, Oxford University Press.
References: Add references at CitEc
Citations: View citations in EconPapers (23) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:84:y:2002:i:4:p:1003-1020
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 ().