The Theory and Measurement of Producer Response under Quotas
Lilyan Fulginiti and
Richard Perrin
The Review of Economics and Statistics, 1993, vol. 75, issue 1, 97-106
Abstract:
Tobin and Houthakker's work on consumer behavior under quantity rationing has been extended by many authors, especial ly through the use of duality theory. This paper uses duality theory to extend the work on demand theory under rationing to the case of producer behavior under quotas. These results permit estimation of otherwise unobservable market supply and demand structures. The structure of the farm economy operating under a tobacco quota system is estimated, and the theory is utilized to infer that the supply elasticity of tobacco would be about 7.0 if the quotas were removed. Estimates such as this are not normally attainable without the theor y outlined here, even though they are essential for the evaluation of policy changes. Copyright 1993 by MIT Press.
Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (30)
Downloads: (external link)
http://links.jstor.org/sici?sici=0034-6535%2819930 ... 0.CO%3B2-P&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Related works:
Working Paper: Theory and Measurement of Producer Response Under Quotas (The) (1993)
Working Paper: The Theory and Measurement of Producer Response Under Quotas (1993) 
Working Paper: Theory and Measurement of Producer Response under Quotas, The (1992) 
Working Paper: Theory and Measurement of Producer Response under Quotas, The (1992) 
Working Paper: The Theory and Measurement of Producer Response Under Quotas (1991) 
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:tpr:restat:v:75:y:1993:i:1:p:97-106
Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535
Access Statistics for this article
The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu
More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().