TESTING FOR EFFICIENCY: A POLICY ANALYSIS WITH PROBABILITY DISTRIBUTIONS

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

No 25891, 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa from International Association of Agricultural Economists

Abstract: The study evaluates the efficiency of government intervention using a vertical structured model including imperfectly competitive agricultural input markets, the bread grain market, and the imperfectly competitive food industry. To test for policy efficiency the actually observed bread grain policy is compared to a hypothetical efficient policy. To account for the sensitivity of the results in regard to the model parameter values computer-intensive simulation procedures and surface response functions are utilized.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Pages: 7
Date: 2003
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Citations: View citations in EconPapers (2)

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Working Paper: Testing for Efficiency: A Policy Analysis with Probability Distributions (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae03:25891

DOI: 10.22004/ag.econ.25891

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