Differentiated products and supply controls in the analysis of agricultural policy reform: the case of tobacco

With a multi-market model of the U.S. tobacco and cigarette industries, we analyze the impact of a reduction in the assistance to U.S. tobacco producers by relaxing production quotas with nonbinding price support and by lowering tariffs on tobacco imports. The results show the importance of incorporating differentiated product and supply control assumptions into agricultural policy analysis.


Issue Date:
1992-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/172965
Published in:
Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 07, Issue 3-4
Page range:
301-315
Total Pages:
16




 Record created 2017-04-01, last modified 2017-08-27

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