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An Empirical Analysis of Economic Performance under the Marketing Order for Raisins

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  • Ben C. French
  • Carole Frank Nuckton

Abstract

This study utilizes a dynamic econometric model of the California raisin industry to compare predictions of prices, production, profits, and related measures under the volume control program with predictions under several no-control scenarios. The outcomes are evaluated in relation to performance criteria proposed by a USDA study team. The twenty-two-year comparisons suggest that the public interest may have been well served by the raisin volume control program, or at worst there was no significant welfare loss.

Suggested Citation

  • Ben C. French & Carole Frank Nuckton, 1991. "An Empirical Analysis of Economic Performance under the Marketing Order for Raisins," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 581-593.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:3:p:581-593.
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    File URL: http://hdl.handle.net/10.2307/1242811
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    Cited by:

    1. John M. Crespi & Adriana Chacón-Cascante, 2004. "Do U.S. marketing orders have much market power? An examination of the Almond Board of California," Agribusiness, John Wiley & Sons, Ltd., vol. 20(1), pages 1-15.
    2. Kachel, Yael & Finkelshtain, Israel, 2010. "A Comparative Analysis of Antitrust Regulations in the Agricultural Sector in Israel, the US and the EU," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 38(1), pages 1-35.
    3. Lee L. Schulz & John M. Crespi, 2012. "Presence of Check‐Off Programs and Industry Concentration in the Food Manufacturing Sector," Agribusiness, John Wiley & Sons, Ltd., vol. 28(2), pages 148-156, March.

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