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Relative prices of imported grain fed beef in Japan: The case of air-freighted chilled carcasses

Author

Listed:
  • William D. Gorman

    (Department of Agricultural Economics and Agricultural Business, New Mexico State University, Las Cruces, New Mexico)

  • Hiroshi Mori

    (Hiroshi Mori is a Professor of Economics, Senshu University, Kawasaki, Japan)

Abstract

The United States (US) has been successful in their demand that Japan remove its beef import quotas. Estimates of the quantity of US HQ beef likely to be exported to Japan under free trade conditions are highly dependent upon assumptions made concerning its competitive position relative to domestically produced beef. Most researchers have assumed that US HQ beef is comparable and perfectly substitutable to domestic Wagyu and|or first and second grade fed dairy beef which can lead to overestimation of the impacts of trade liberalization. This article presents new evidence that US fresh chilled Choice grade HQ beef may more closely equate with third grade dairy beef with respect to price.

Suggested Citation

  • William D. Gorman & Hiroshi Mori, 1988. "Relative prices of imported grain fed beef in Japan: The case of air-freighted chilled carcasses," Agribusiness, John Wiley & Sons, Ltd., vol. 4(6), pages 535-548.
    • Handle: RePEc:wly:agribz:v:4:y:1988:i:6:p:535-548
    DOI: 10.1002/1520-6297(198811)4:6<535::AID-AGR2720040604>3.0.CO;2-N
    as

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    References listed on IDEAS

    as
    1. Kym Anderson, 1983. "The Peculiar Rationality of Beef Import Quotas in Japan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 108-112.
    2. Teal, Francis & Dickson, Andrew & Porter, Darrell & Whiteford, Diane, 1987. "Japanese beef policies: implications for trade, prices and market shares," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316182, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
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