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Optimal auction theory and EC grain exports

Author

Listed:
  • J.M. Bourgeon

    (Inconnu)

  • Y. Le Roux

    (ESR - Unité de recherche d'Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique)

  • . Ohio State University,north Central Regional Research Project Nc-194

    (Ohio State University,North Central Regional Research Project NC-194)

Abstract

Dans le cadre de la politique agricole commune (PAC), les restitutions à l'exportation attribuées majoritairement par adjudications dans le cas des céréales, sont un des éléments-clés du régime des échanges extra-communautaires. Le niveau des restitutions adjugées par la Commission européenne dépend des objectifs commerciaux, politiques et budgétaires de celle-ci. Ces objectifs sont confrontés aux comportements d'offre des opérateurs, donc à la valorisation que ceux-ci attachent aux céréales vendues sur le marché mondial. Les développements récents de l'économétrie des enchères sont utilisés pour modéliser les comportements des offreurs lors d'adjudications hebdomadaires de stocks d'intervention de blé tendre. Les estimations sont faites sous deux hypothèses extrêmes quant à la valorisation du bien mis aux enchères : "valeurs privées" et "valeur commune". Un estimateur des moindres carrés non linéaires simulés est utilisé. La forte dépendance des comportements des opérateurs européens vis-à-vis des prix américains a pu être soulignée. La significativité des coefficients des variables, explicatives de la valeur du bien donc de la stratégie d'offre, est plus satisfaisante sous l'hypothèse de valeur commune.

Suggested Citation

  • J.M. Bourgeon & Y. Le Roux & . Ohio State University,north Central Regional Research Project Nc-194, 1993. "Optimal auction theory and EC grain exports," Post-Print hal-02283454, HAL.
    • Handle: RePEc:hal:journl:hal-02283454
    Note: View the original document on HAL open archive server: https://hal.science/hal-02283454
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    Citations

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    Cited by:

    1. Wilson, William W. & Dahl, Bruce L., 2000. "Import Tenders And Bidding Strategies In Wheat," Agricultural Economics Reports 23285, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. William W. Wilson & Bruce L. Dahl, 2004. "Transparency and Bidding Competition in International Wheat Trade," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(1), pages 89-105, March.
    3. Roeber, Ronald, 2002. "Linear Feedback Between European Wheat Export Refunds And World Wheat Prices," 2002 Annual meeting, July 28-31, Long Beach, CA 19847, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Wilson, William W. & Diersen, Matthew A., 2001. "Competitive Bidding On Import Tenders: The Case Of Minor Oilseeds," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-16, July.

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