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Relative prices of imported grain fed beef in Japan: The case of air‐freighted chilled carcasses
Author(s) -
Gorman William D.,
Mori Hiroshi
Publication year - 1988
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198811)4:6<535::aid-agr2720040604>3.0.co;2-n
Subject(s) - liberalization , economics , agricultural economics , agricultural science , beef industry , international trade , environmental science , market economy
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.