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.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270665
Language:
English
Total Pages:
19




 Record created 2018-04-04, last modified 2020-10-28

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