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Differentiated products and supply controls in the analysis of agricultural policy reform: the case of tobacco
Author(s) -
Beghin John,
Chang Rueyer
Publication year - 1992
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1992.tb00219.x
Subject(s) - agriculture , tobacco control , economics , production (economics) , product (mathematics) , agricultural economics , supply and demand , product differentiation , business , control (management) , microeconomics , medicine , ecology , geometry , nursing , mathematics , management , cournot competition , biology , public health
With a multi‐market model of the U.S. tobacco and cigarette industries, we analyze the impact of a reduction in the assistance to U.S. tobacco producers by relaxing production quotas with nonbinding price support and by lowering tariffs on tobacco imports. The results show the importance of incorporating differentiated product and supply control assumptions into agricultural policy analysis.