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The EEC's Wheat Price Policies and International Trade in Differentiated Products

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  • Harry de Gorter
  • Karl D. Meilke

Abstract

Several features of the EC wheat market are analyzed including the imperfect substitutability between imports and domestic supplies, the simultaneous import and export of wheat, and the distinct impact of threshold versus intervention policy prices. In theory, the impact of EC price policies on wheat consumption and net trade are found to be indeterminate a priori. Empirical results show that intervention prices have a positive impact on EC net exports, while increases in threshold (import) prices have decreased EC net wheat exports. Competing wheat exporters would prefer the EC to lower the intervention price to world levels but maintain threshold prices.

Suggested Citation

  • Harry de Gorter & Karl D. Meilke, 1987. "The EEC's Wheat Price Policies and International Trade in Differentiated Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 223-229.
    • Handle: RePEc:oup:ajagec:v:69:y:1987:i:2:p:223-229.
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    File URL: http://hdl.handle.net/10.2307/1242272
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    Citations

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    Cited by:

    1. Larue, Bruno & Rude, James, 1989. "Quality Changes and the Volume of Trade," WAEA/ WFEA Conference Archive (1929-1995) 244999, Western Agricultural Economics Association.
    2. Satyanarayana, Vidyashankara & Wilson, William W. & Johnson, D. Demcey, 1997. "Import Demand For Malt: A Times Series And Econometric Analysis," Agricultural Economics Reports 23343, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Hanrahan, Kevin F. & Westhoff, Patrick C. & Young, Robert E., II, 2001. "Trade Allocation Modeling: Comparing The Results From Armington And Locally Regular Ai Demand System Specifications Of A Uk Beef Import Demand Allocation Model," 2001 Annual meeting, August 5-8, Chicago, IL 20510, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Meilke, Karl D. & Larue, Bruno, 1988. "A Discussion of Long-Term Agricultural Commodity Forecasts," 1988 Conference, August 24-31, 1988, Buenos Aires, Argentina 183160, International Association of Agricultural Economists.
    5. Liapis, Peter S., 1989. "Estimation and Evaluation of Economic Community Wheat Export Subsidies," Staff Reports 278253, United States Department of Agriculture, Economic Research Service.
    6. Frahan, Bruno Henry de & Tritten, Christian & Sumner, Daniel A., 2001. "Wheat Differentiation And Response To Policy Reform In The Eu," 2001 Annual meeting, August 5-8, Chicago, IL 20755, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Lavoie, Nathalie, 2001. "Price Discrimination In The Context Of Vertical Differentiation: A Modeling Approach For Wheat Exports," 2001 Annual meeting, August 5-8, Chicago, IL 20603, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Frahan, Bruno Henry de & Tritten, Christian, 2002. "Differentiated Demand and Supply of Wheat under Alternative European Trade Policies," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24831, European Association of Agricultural Economists.
    9. Krause, Joyce Hall & Dooley, Frank J. & Wilson, William W., 1995. "Global Import Demand for Value-Added Wheat Products," Agricultural Economics Reports 23283, North Dakota State University, Department of Agribusiness and Applied Economics.
    10. Chambers, Robert G. & Pope, Rulon D., 1989. "What Do Aggregate Agricultural Supply and Demand Curves Mean?," Working Papers 197605, University of Maryland, Department of Agricultural and Resource Economics.
    11. Davis, George C. & Jensen, Kimberly L., 1994. "Two-Stage Utility Maximization And Import Demand Systems Revisited: Limitations And An Alternative," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-16, December.
    12. Chambers, Robert G. & Pope, Rulon D., 1989. "What Do Aggregate Agricultural Supply and Demand Curves Mean?," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 144922, Australian Agricultural and Resource Economics Society.

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