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A Spatial Equilibrium Model of the EC Feed Grain Sector

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  • Peeters, Ludo

Abstract

In this paper, a multicommodity price-endogenous spatial equilibrium model of the EC-9 feed-grain sector is presented. Nonintegrable (asymmetric) feed-grain demand functions are estimated for each EC member country using a pseudo data approach based on a set of representative least-cost feedmix models. The price and quantity impacts of three "harmonizing" EC policies are investigated within a comparative statics framework: the abolition of monetary compensatory amounts, a 10 percent cut in EC grain support prices, and a 10 percent tax on the use of major imported "cereal substitutes." Copyright 1990 by Oxford University Press.

Suggested Citation

  • Peeters, Ludo, 1990. "A Spatial Equilibrium Model of the EC Feed Grain Sector," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 17(4), pages 365-386.
    • Handle: RePEc:oup:erevae:v:17:y:1990:i:4:p:365-86
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    Cited by:

    1. Jansson, Torbjorn, 2005. "Two ways of estimating a transport model," 2005 Annual meeting, July 24-27, Providence, RI 19473, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Yang, Chin W. & Hwang, Ming J. & Sohng, Soong N., 2002. "The Cournot competition in the spatial equilibrium model," Energy Economics, Elsevier, vol. 24(2), pages 139-154, March.
    3. C. W. Yang & Ken Hung, 2010. "Stability Of Rents And Returns As A Source Of Internal Financing: Evidence From Appalachian Coal Producers," Accounting & Taxation, The Institute for Business and Finance Research, vol. 2(1), pages 33-46.
    4. Dorward, Andrew & Morrison, Jamie & Robinson, Sherman & Tchale, Hardwick, 2004. "Differential Household Responses in a Poor Agricultural Economy: Implications for Agricultural Policy Analysis," Conference papers 331282, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Anderson, Margot, 1993. "Ethanol Production, Corn Gluten Feed, and EC Trade," Agricultural Information Bulletins 309692, United States Department of Agriculture, Economic Research Service.
    6. Eric Giraud-Heraud & Chantal Le Mouël & Vincent Requillart & . Inra - Direction Scientifique Des Sciences Sociales & . Inra - Esr. Département d'Economie Et Sociologie Rurales, Ivry, 1994. "Impact de la réforme de la PAC sur les débouchés du corn gluten feed," Post-Print hal-02299663, HAL.
    7. Jansson, Torbjörn & Heckelei, Thomas, 2009. "A new estimator for trade costs and its small sample properties," Economic Modelling, Elsevier, vol. 26(2), pages 489-498, March.
    8. Jansson, Torbjorn, 2005. "Two Ways of Estimating a Transport Model," Discussion Papers 18787, University of Bonn, Institute for Food and Resource Economics.
    9. Torbjorn Jansson, 2000. "Estimating Prices and Excess Demand and Trade Costs in a Spatial Price Equilibrium Model," Regional and Urban Modeling 283600040, EcoMod.

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