The Social Costs of Instability In The U.S. Wheat Industry

Gerald Plato, Richard G. Heifner and John W. Murray

No 283679, 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper examines the social welfare losses from instabilities in the U.S. wheat market during the 1972-77 period. The supply curve shift due to fluctuations in producer returns plus the deviations about market equilibrium due to price, yield and acreage fluctuations are used in evaluating the social welfare losses.

Keywords: Crop Production/Industries; Demand and Price Analysis; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 1978-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea78:283679

DOI: 10.22004/ag.econ.283679

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