@article{Omuru:136497,
      recid = {136497},
      author = {Omuru, Eric and Fraser, Rob W. and Burton, Michael P.},
      title = {An analysis of policy changes affecting PNG cocoa  producers},
      address = {1997},
      number = {408-2016-25423},
      pages = {22},
      year = {1997},
      abstract = {This paper assesses the welfare effects of a combination  of policy changes affecting PNG cocoa producers during the  1990's. These policy changes are the introduction (in 1992)  and intended removal (in 1997) of a price support policy  plus an intervening devaluation and subsequent floating of  the domestic currency (kina). Using a model for analysing  the effects of these policy changes on a producer's price  distribution and for converting these price effects into  welfare effects, combined with price, cost and yield data  from the PNG cocoa industry, it is shown that both the  price  support policy and the devaluation have been of  benefit to producers. However, the devaluation has also  diminished the effectiveness of the price support policy so  that the negative consequences of its intended removal have  been lessened.},
      url = {http://ageconsearch.umn.edu/record/136497},
      doi = {https://doi.org/10.22004/ag.econ.136497},
}