@article{Layman:123691,
      recid = {123691},
      author = {Layman, B.D.},
      title = {A Structural Model of the World Wool Market},
      address = {1999-01},
      number = {410-2016-25593},
      pages = {39},
      year = {1999},
      abstract = {This paper summarises the development, structure and data  sources of the Western
Australian World Wool Model. The  model is a comparative static, partial equilibrium
model of  the world wool market. The technique used for the model is  applied general
equilibrium (AGE) modelling. Western  Australia is separated from the rest of Australia
as a  production region. A key feature of the model is that raw  wool is broken down into
9 different qualities, which  determine the end use of the wool. The construction of  a
database containing these wool qualities is detailed.  Potential uses for the model are
outlined, and results are  compared and contrasted with earlier structural models of  the
world wool market. Finally, advantages and  disadvantages of the approach taken are
outlined.},
      url = {http://ageconsearch.umn.edu/record/123691},
      doi = {https://doi.org/10.22004/ag.econ.123691},
}