000015112 001__ 15112
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000015112 0247_ $$2doi$$a10.22004/ag.econ.15112
000015112 037__ $$a1379-2016-113385
000015112 037__ $$a1379-2016-115247
000015112 041__ $$aeng
000015112 245__ $$aPRICE VERSUS QUOTA REDUCTIONS: U.S. FLUE-CURED TOBACCO POLICY
000015112 260__ $$c1996-12
000015112 269__ $$a1996-12
000015112 300__ $$a8
000015112 336__ $$aJournal Article
000015112 520__ $$aDeclining domestic cigarette consumption, increased global competition, and loss of import restrictions indicate decreased demand for U.S. flue-cured tobacco. The effects of 10% declines in domestic and export demand are evaluated under a policy of reducing quota to maintain price versus a policy of allowing price to fall to maintain quota. Changes in prices, quantities, revenues, and economic rents are simulated. Losses to nonfarming quota owners are minimized under a policy of price maintenance, while losses in revenues to tobacco-producing areas are minimized by a policy of quota maintenance. Aggregate losses to tobacco growers are greater under a policy of quota maintenance.
000015112 546__ $$aEnglish
000015112 650__ $$aAgricultural and Food Policy
000015112 6531_ $$aFlue-cured
000015112 6531_ $$aPolicy
000015112 6531_ $$aPrice reduction
000015112 6531_ $$aQuota
000015112 6531_ $$aTobacco
000015112 700__ $$aBrown, A. Blake
000015112 700__ $$aMartin, Laura L.
000015112 773__ $$q445$$o452$$tJournal of Agricultural and Applied Economics$$j28$$k2$$dDecember 1996
000015112 8564_ $$96b61bdc3-e0dc-44f3-af00-6223a9856255$$s648123$$uhttps://ageconsearch.umn.edu/record/15112/files/28020445.pdf
000015112 887__ $$ahttp://purl.umn.edu/15112
000015112 909CO $$ooai:ageconsearch.umn.edu:15112$$pGLOBAL_SET
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  Previous issue date: 1996-12
000015112 980__ $$a1379
000015112 982__ $$gJournal of Agricultural and Applied Economics>Volume 28, Number 02, December 1996