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Supply Management: Analyzing the Values of Tradeable Output Quotas

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  • Veeman, Michele M.

Abstract

This paper is coocemed with the analysis of some economic impacts of supply-management quota schemes based on evidence fran some of the Canadian quota programmes. Reasons underlying the wide acceptance of these programmes and the use of cost-increasing methods of quota administration are briefly explored. Some evidence from Canadian quota programmes is presented to illustrate the economic effects of restrictive quota transfer policies. An econometric analysis of economic factors affecting the supply of and demand for transferable output quotas is presented. The results of a single-equation model of the derived demand for quotas are compared to the results of a simultaneous equation model of demand and supply for quotas. Econometric analysis of quota price and transaction data provides useful insights into the behavioor of the marlcet for quotas.

Suggested Citation

  • Veeman, Michele M., 1989. "Supply Management: Analyzing the Values of Tradeable Output Quotas," 1989 Occasional Paper Series No. 5 197686, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo5:197686
    DOI: 10.22004/ag.econ.197686
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    File URL: https://ageconsearch.umn.edu/record/197686/files/agecon-occpapers-1989-028_1_.pdf
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    References listed on IDEAS

    as
    1. Michele M. Veeman, 1982. "Social Costs of Supply-Restricting Marketing Boards," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 30(1), pages 21-36, March.
    2. Barichello, Richard R. & Cunningham-Dunlop, Catherine, 1987. "Quota Allocation and Transfer Schemes in Canada," Working Papers 243881, Agriculture and Agri-Food Canada.
    3. Michele M. Veeman, 1982. "Social Costs of Supply-Restricting Marketing Boards: Reply," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 30(3), pages 373-376, November.
    4. Michele M. Veeman, 1988. "Supply Management Systems: Impact on Interprovincial Trade," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 36(4), pages 711-723, December.
    5. Michele M. Veeman, 1987. "Marketing Boards: The Canadian Experience," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(5), pages 992-1000.
    6. Veeman, Michele M., 1987. "Marketing Boards: The Canadian Experience," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270135, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

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