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          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

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