|
AgEcon Search >
Journal of Agricultural and Applied Economics >
Volume 28, Number 02, December 1996 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/15112
|
| Title: | PRICE VERSUS QUOTA REDUCTIONS: U.S. FLUE-CURED TOBACCO POLICY |
| Authors: | Brown, A. Blake
Martin, Laura L. |
| Keywords: | Flue-cured
Policy
Price reduction
Quota
Tobacco |
| Issue Date: | 1996-12 |
| Abstract: | Declining domestic cigarette consumption, increased global competition, and loss of import restrictions indicate decreased demand for U.S. flue-cured tobacco. The effects of 10% declines in domestic and export demand are evaluated under a policy of reducing quota to maintain price versus a policy of allowing price to fall to maintain quota. Changes in prices, quantities, revenues, and economic rents are simulated. Losses to nonfarming quota owners are minimized under a policy of price maintenance, while losses in revenues to tobacco-producing areas are minimized by a policy of quota maintenance. Aggregate losses to tobacco growers are greater under a policy of quota maintenance. |
| URI: | http://purl.umn.edu/15112 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 28, Number 02, December 1996 |
| Total Pages: | 8 |
| Language: | English |
| From Page: | 445 |
| To Page: | 452 |
| Collections: | Volume 28, Number 02, December 1996
|
Files in This Item:
| File |
Size | Format |
|---|
| 28020445.pdf | 632Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
