EC Feed Grain Spatial Equilibrium Model for Policy Analysis, An

Ludo Peters

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: This paper presents a multicommodity price-endogenous spatial equilibrium model of the (European Community) EC feed grain sector. The model incorporates nonintegrable feed grain demand functions which were estimated using a pseudodata approach based on a set of representative least-cost LP models of compound feed production in the EC. The price and quantity impacts of three "rebalancing" EC policies are investigated within a comparative statics framework: the abolition of the green rates or Monetary Compensatory Amounts (MCA) system, a 10% cut in support prices for EC grains, and a 10% tax on the use of imported cereal substitutes. Both "short-run" (constant livestock output) and "long-run" (variable livestock output) results are reported at the EC level.

Date: 1990-06
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:90-wp61

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