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The Policy Implications Of Possible New Zealand Wheat Pricing Schemes

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  • Rich, M.M.

Abstract

An empirical policy simulation analysis that was performed prior to the adoption of the revised N.Z. wheat pricing arrangements is reported. The analysis was particularly timely as it coincided with, and made an input to, discussions between the various parties attempting to derive an improved wheat pricing scheme. The implications of making N.Z. farm-gate wheat pricing more responsive to world market prices were assessed using a simulation model to distill information on the impact of alternative pricing schemes on those criteria thought to be of interest to policymakers. The results also indicated how the recently announced new scheme would have performed. This information aided public decision making, particularly in clarifying some of the trade-offs that are necessary in choosing a pricing scheme.

Suggested Citation

  • Rich, M.M., 1981. "The Policy Implications Of Possible New Zealand Wheat Pricing Schemes," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(3), pages 1-9, December.
    • Handle: RePEc:ags:ajaeau:22318
    DOI: 10.22004/ag.econ.22318
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    File URL: https://ageconsearch.umn.edu/record/22318/files/25030266.pdf
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    References listed on IDEAS

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    1. Thomas H. Naylor, 1970. "Policy Simulation Experiments with Macroeconometric Models: The State of the Art," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(2), pages 263-271.
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    Cited by:

    1. McCarl, Bruce A., 1984. "Model Validation: An Overview with some Emphasis on Risk Models," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 52(03), pages 1-21, December.

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    Keywords

    Demand and Price Analysis; Marketing;

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