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Testing for Efficiency: A Policy Analysis with Probability Distributions

Klaus Salhofer (), Erwin Schmid, Gerhard Streicher () and Friedrich Schneider ()

No 239277, 89th Seminar, February 2-5, 2005, Parma, Italy from European Association of Agricultural Economists

Abstract: The study evaluates the efficiency of government intervention using a vertically-structured model including imperfectly competitive agricultural input markets, a bread grain market, and an imperfectly competitive food industry. An actually observed bread grain policy is compared to a hypothetical efficient policy. Computer-intensive simulation procedures and surface response functions are utilized to account for the sensitivity of model results with respect to 10,000 normal distributed parameter sets.

Keywords: Community/Rural/Urban Development; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 11
Date: 2005-04
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Related works:
Working Paper: TESTING FOR EFFICIENCY: A POLICY ANALYSIS WITH PROBABILITY DISTRIBUTIONS (2003) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae89:239277

DOI: 10.22004/ag.econ.239277

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