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学術誌査読

5 被引用数 (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.

本文言語英語
ページ(範囲)186-196
ページ数11
ジャーナルAmerican Journal of Agricultural Economics
74
1
DOI
出版ステータス出版済み - 2月 1992

!!!All Science Journal Classification (ASJC) codes

  • 農業および生物科学(その他)
  • 経済学、計量経済学

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