DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO

Beghin, John; Change, Ruey-er

doi:10.22004/ag.econ.270665

DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO

A multimarket model of the U.S. tobacco and cigarette industries is used to demonstrate the· fallacious implications of trade policy reform analysis that ignore imperfect substitution and supply controls. This omission underlies the PSE, nominal protection ratio, and price gap adjustment methodologies.

Subject(s):

Crop Production/Industries
International Relations/Trade

Issue Date:

Jul 30 1989

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.270665

Record Identifier:

https://ageconsearch.umn.edu/record/270665

Language:

English