TY  - EJOUR
AB  - 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.
AU  - Brown, A. Blake
AU  - Martin, Laura L.
DA  - 1996-12
DA  - 1996-12
DO  - 10.22004/ag.econ.15112
DO  - doi
EP  - 452
EP  - 445
ID  - 15112
IS  - 2
JF  - Journal of Agricultural and Applied Economics
KW  - Agricultural and Food Policy
KW  - Flue-cured
KW  - Policy
KW  - Price reduction
KW  - Quota
KW  - Tobacco
L1  - https://ageconsearch.umn.edu/record/15112/files/28020445.pdf
L2  - https://ageconsearch.umn.edu/record/15112/files/28020445.pdf
L4  - https://ageconsearch.umn.edu/record/15112/files/28020445.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/15112/files/28020445.pdf
N2  - 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.
PY  - 1996-12
PY  - 1996-12
SP  - 445
T1  - PRICE VERSUS QUOTA REDUCTIONS: U.S. FLUE-CURED TOBACCO POLICY
TI  - PRICE VERSUS QUOTA REDUCTIONS: U.S. FLUE-CURED TOBACCO POLICY
UR  - https://ageconsearch.umn.edu/record/15112/files/28020445.pdf
VL  - 28
Y1  - 1996-12
T2  - Journal of Agricultural and Applied Economics
ER  -