IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/1990010108000010481.html
   My bibliography  Save this paper

Three studies in economics

Author

Listed:
  • Brooks, Harvey G.

Abstract

Section I. The impact of the U.S. wheat export enhancement program on the world wheat market. The U.S. Export Enhancement Program (EEP) was included in the 1985 U.S. Food Security Act with a major objective being to increase sales of U.S. agricultural commodities. Through the EEP, the U.S. government subsidizes exports of agricultural commodities to targeted importing countries. The EEP was applied to the majority of U.S. wheat sales in 1987/88 and 1988/89. Coincident with the 1985 act and EEP legislation, U.S. wheat exports have increased significantly. This study uses a nonspatial, partial equilibrium model of world wheat trade to analyze the impact of the EEP on U.S. wheat exports and share of world wheat trade. The study indicates that the effect of the EEP on the wheat market over the period 1986/87 to 1988/89 has been a large displacement of commercial wheat sales (87-92%), with export additionality due to the EEP being only 8-13%. The impact of the EEP on other exporters' wheat trade and importer demand has been small relative to the magnitude of total EEP sales;Section II. Export allocation and price discrimination policies under demand uncertainty. This paper investigates price discrimination policies for a large country disposing of a fixed quantity of output to a certain and an uncertain market. In addition to price elasticities of demand, risk is an important reason for price discrimination. A risk neutral government sets a higher price in the uncertain market than under certainty, but the effect of increased risk aversion is ambiguous. When exports are allocated ex ante, the risk neutral exporter allocates more output in the riskless market than under certainty. The ranking of price and quantity setting policies for foreign disposal of surplus output is generally ambiguous;Section III. An analysis of producer participation in government commodity programs. Participation decisions for profit maximizing producers in voluntary agricultural commodity programs are modeled to investigate the importance of the heterogeneity of land attributes in the participation decision. The comparative static analysis of changes in program parameters on aggregate participation, acreage planted, and input use is completed for a corn-soybean producer. A corn program participation rate equation is estimated using county level data for Iowa that provides support for the hypothesis that heterogeneity of land quality is a significant determinant in the program participation decision.

Suggested Citation

  • Brooks, Harvey G., 1990. "Three studies in economics," ISU General Staff Papers 1990010108000010481, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:1990010108000010481
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/ae597da0-75ef-4781-b3a1-41c8a2959c07/content
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Houck, James P., 1976. "Analyzing the Impact of Government Programs on Crop Acreage," Technical Bulletins 158119, United States Department of Agriculture, Economic Research Service.
    2. Jean-Paul Chavas & Matthew T. Holt, 1990. "Acreage Decisions Under Risk: The Case of Corn and Soybeans," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 529-538.
    3. Rausser, Gordon C. & Zilberman, David & Just, Richard E., 1984. "The Distributional Effects Of Land Controls In Agriculture," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-18, December.
    4. John Dutton, 1990. "Targeted Export Subsidies as an Exercise of Monopoly Power," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 705-710, August.
    5. Bailey, Kenneth W., 1989. "Why Did U.S. Wheat Exports Expand?," Agricultural Information Bulletins 309491, United States Department of Agriculture, Economic Research Service.
    6. Gregory M. Perry & Bruce A. McCarl & M. Edward Rister & James W. Richardson, 1989. "Modeling Government Program Participation Decisions at the Farm Level," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1011-1020.
    7. Oleson, Brian T., 1987. "World Grain Trade: An Economic Perspective Of The Current Price War," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269980, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Antle, John M. & Just, Richard E., 1989. "Effects of Commodity Program Structure on Resource Use and the Environment," Working Papers 197612, University of Maryland, Department of Agricultural and Resource Economics.
    9. Brian T. Oleson, 1987. "World Grain Trade: An Economic Perspective of the Current Price War," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 501-514, November.
    10. Rulon D. Pope, 1981. "Supply Response and the Dispersion of Price Expectations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 161-163.
    11. Randall A. Kramer & Rulon D. Pope, 1981. "Participation in Farm Commodity Programs: A Stochastic Dominance Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 119-128.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Parrott, Scott D. & McIntosh, Christopher S., 1996. "Nonconstant Price Expectations And Acreage Response: The Case Of Cotton Production In Georgia," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(1), pages 1-8, July.
    2. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "The Responsiveness Of U.S. Corn And Soybean Acreages To Conditional Price Expectations: An Application To The 1985 Farm Bill," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-9, December.
    3. Bakhshi, Samira & Kerr, William A., 2009. "Is There Supply Distortion In The Green Box? An Acreage Response Approach," Working Papers 51093, Canadian Agricultural Trade Policy Research Network.
    4. Shumway, C. Richard, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, Blackwell, vol. 9(2), pages 89-108, August.
    5. Lin, Chien-Pang & Barkley, Andrew P., 1997. "Declining Commodity Program Payments and Enhanced Environmental Regulations: Impacts on Acreage Allocation in the Great Plains," 1997 Annual Meeting, July 13-16, 1997, Reno\ Sparks, Nevada 35932, Western Agricultural Economics Association.
    6. Cano Lamy, Victoria, 1989. "Evaluating the Impact of Price Incentives on Adoption of Technology and Production Patterns in the Ontario Wheat Industry," Working Papers 244050, Agriculture and Agri-Food Canada.
    7. Howland, Frank M., 1990. "Alternative Empirical Measures Of The Supply Effect Of The Corn Price Support Program," 1990 Annual meeting, August 5-8, Vancouver, Canada 271035, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. McIntosh, Christopher S. & Shideed, Kamil H., 1989. "The Effect Of Government Programs On Acreage Response Over Time: The Case Of Corn Production In Iowa," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-7, July.
    9. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "Alternative Procedures For The Formation Of Price Expectations In Supply Response Analysis: An Application To U.S. Corn Acreage," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269926, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Li, Chenguang & Sexton, Richard J., 2009. "Impacts of Retailers’ Pricing Strategies for Produce Commodities on Farmer Welfare," 2009 Conference, August 16-22, 2009, Beijing, China 51720, International Association of Agricultural Economists.
    11. Park, Timothy A. & Antonovitz, Frances, 1991. "Econometric Tests Of Firm Decision Making Under Uncertainty: Optimal Output And Hedging Decisions," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271264, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Serra, Teresa & Zilberman, David & Goodwin, Barry K. & Featherstone, Allen M., 2005. "Effects of Decoupling on the Average and the Variability of Output," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24601, European Association of Agricultural Economists.
    13. Ashok Mishra & Barry Goodwin, 2006. "Revenue insurance purchase decisions of farmers," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 149-159.
    14. William T. McSweeny & David E. Kenyon & Randall A. Kramer, 1987. "Toward an Appropriate Measure of Uncertainty in a Risk Programming Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(1), pages 87-96.
    15. Haile, M.G. & Kalkuhl, M., 2014. "Volatility in the international food markets: implications for global agricultural supply and for market and price policy," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 49, March.
    16. Carpentier, Alain & Letort, Elodie, 2009. "Modeling acreage decisions within the multinomial Logit framework," Working Papers 211011, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    17. Holt, Matthew T. & Moschini, GianCarlo, 1992. "Alternative Measures Of Risk In Commodity Supply Models: An Analysis Of Sow Farrowing Decisions In The United States," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(1), pages 1-12, July.
    18. Hyunseok Kim & GianCarlo Moschini, 2018. "The Dynamics of Supply: U.S. Corn and Soybeans in the Biofuel Era," Land Economics, University of Wisconsin Press, vol. 94(4), pages 593-613.
    19. Kanlaya J. Barr & Bruce A. Babcock & Miguel A. Carriquiry & Andre M. Nassar & Leila Harfuch, 2011. "Agricultural Land Elasticities in the United States and Brazil," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(3), pages 449-462.
    20. Vavra, Pavel & Colman, David, 2003. "The analysis of UK crop allocation at the farm level: implications for supply response analysis," Agricultural Systems, Elsevier, vol. 76(2), pages 697-713, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:1990010108000010481. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.