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Estimating Price Distortions Caused by Canadian Wheat Board Initial Payment Policy
Author(s) -
Clark J. Stephen,
Fleming Catherine S.
Publication year - 1990
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1990.tb03525.x
Subject(s) - payment , economics , variable (mathematics) , econometrics , price level , regression analysis , measure (data warehouse) , price setting , monetary economics , microeconomics , statistics , mathematics , computer science , finance , database , mathematical analysis
Limited Dependent variable regression techniques are used to measure price distortitons caused by initial payments as price floors. The result indicate that the degree of uncertainty producers have regarding the price floor is the critical issue in the level of price distortions.