DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO

John Beghin () and Ruey-er Chang

No 259448, Department of Economics and Business - Archive from North Carolina State University, Department of Economics

Abstract: A multimarket model of the U.S. tobacco and cigarette industries is used to demonstrate the fallacious implications of trade policy reform analysis that ignore imperfect substitution and supply controls. This omission underlies the PSE, nominal protection ratio, and price gap adjustment methodologies.

Keywords: Agricultural and Food Policy; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 20
Date: 1989-05-01
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Working Paper: DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO (1989)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ncbuar:259448

DOI: 10.22004/ag.econ.259448

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