Modeling supply response with implicit revenue functions: A policy-switching procedure for rice

Dean T. Chen, Shoichi Ito

研究成果: ジャーナルへの寄稿記事

5 引用 (Scopus)

抄録

An econometric method of estimating implicit revenue with a policy switching mechanism is proposed for supply response analysis. The model develops important linkages between farm program instruments and commodity market equilibrium and allows evaluation of supply response decisions under conditions of major policy shifts. The econometric procedure developed here is applied to the U.S. rice sector to determine program compliance/noncompliance decisions under three alternative rice program periods. A change in farm prices was found to affect significantly producers’ net returns and participation rate. Results indicate price impacts on acreage planted are inelastic for program participants but elastic for nonparticipants.

元の言語英語
ページ(範囲)186-196
ページ数11
ジャーナルAmerican Journal of Agricultural Economics
74
発行部数1
DOI
出版物ステータス出版済み - 2 1992

Fingerprint

econometrics
income
farm programs
rice
products and commodities
compliance
Compliance
markets
farms
Farms
Oryza
Revenue
Supply response
Modeling
methodology
Farm

All Science Journal Classification (ASJC) codes

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

これを引用

Modeling supply response with implicit revenue functions : A policy-switching procedure for rice. / Chen, Dean T.; Ito, Shoichi.

:: American Journal of Agricultural Economics, 巻 74, 番号 1, 02.1992, p. 186-196.

研究成果: ジャーナルへの寄稿記事

@article{5d2f191274084f87b5757d9752469a04,
title = "Modeling supply response with implicit revenue functions: A policy-switching procedure for rice",
abstract = "An econometric method of estimating implicit revenue with a policy switching mechanism is proposed for supply response analysis. The model develops important linkages between farm program instruments and commodity market equilibrium and allows evaluation of supply response decisions under conditions of major policy shifts. The econometric procedure developed here is applied to the U.S. rice sector to determine program compliance/noncompliance decisions under three alternative rice program periods. A change in farm prices was found to affect significantly producers’ net returns and participation rate. Results indicate price impacts on acreage planted are inelastic for program participants but elastic for nonparticipants.",
author = "Chen, {Dean T.} and Shoichi Ito",
year = "1992",
month = "2",
doi = "10.2307/1243003",
language = "English",
volume = "74",
pages = "186--196",
journal = "American Journal of Agricultural Economics",
issn = "0002-9092",
publisher = "Oxford University Press",
number = "1",

}

TY - JOUR

T1 - Modeling supply response with implicit revenue functions

T2 - A policy-switching procedure for rice

AU - Chen, Dean T.

AU - Ito, Shoichi

PY - 1992/2

Y1 - 1992/2

N2 - An econometric method of estimating implicit revenue with a policy switching mechanism is proposed for supply response analysis. The model develops important linkages between farm program instruments and commodity market equilibrium and allows evaluation of supply response decisions under conditions of major policy shifts. The econometric procedure developed here is applied to the U.S. rice sector to determine program compliance/noncompliance decisions under three alternative rice program periods. A change in farm prices was found to affect significantly producers’ net returns and participation rate. Results indicate price impacts on acreage planted are inelastic for program participants but elastic for nonparticipants.

AB - An econometric method of estimating implicit revenue with a policy switching mechanism is proposed for supply response analysis. The model develops important linkages between farm program instruments and commodity market equilibrium and allows evaluation of supply response decisions under conditions of major policy shifts. The econometric procedure developed here is applied to the U.S. rice sector to determine program compliance/noncompliance decisions under three alternative rice program periods. A change in farm prices was found to affect significantly producers’ net returns and participation rate. Results indicate price impacts on acreage planted are inelastic for program participants but elastic for nonparticipants.

UR - http://www.scopus.com/inward/record.url?scp=84963008980&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84963008980&partnerID=8YFLogxK

U2 - 10.2307/1243003

DO - 10.2307/1243003

M3 - Article

AN - SCOPUS:84963008980

VL - 74

SP - 186

EP - 196

JO - American Journal of Agricultural Economics

JF - American Journal of Agricultural Economics

SN - 0002-9092

IS - 1

ER -