OPERATIONAL EFFICIENCY OF US/CANADA WHEAT POOL: A GAME THEORY ANALYSIS

William Nganje, Won W. Koo, D. Demcey Johnson, Joon J. Park and Richard D. Taylor

No 36439, 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia from Western Agricultural Economics Association

Abstract: This paper develops a game theory optimization model of market efficiency and derives conditions under which voluntary pooling is sustained for US/Canada durum and hard red spring wheat producers. Analysis reveals that United States and Canadian farmers can increase farm returns with efficiency gains from pooling and by internalizing benefits from grain blending and logistics. The model is used to analyze diverse factors affecting the sustainability of such a pool.

Keywords: Crop Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 23
Date: 2000
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https://ageconsearch.umn.edu/record/36439/files/sp00ng02.pdf (application/pdf)

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Working Paper: OPERATIONAL EFFICIENCY OF A U.S./CANADIAN WHEAT POOL: A GAME THEORY ANALYSIS (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeava:36439

DOI: 10.22004/ag.econ.36439

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