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Endogenous Participation in Agricultural Support Programs and Ad ValoremEquivalent Modelling / John Whalley, Randall M. Wigle.
- Format:
- Book
- Author/Creator:
- Whalley, John.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2583.
- NBER working paper series no. w2583
- Language:
- English
- Subjects (All):
- Agricultural price supports.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1988.
- Cambridge, Mass. : National Bureau of Economic Research, 1988.
- Summary:
- This paper argues that a price wedge treatment of agricultural supports can seriously misrepresent their welfare and quantity effects. We make our point by focusing on pre-1985 US wheat programs, but features of programs in many other countries lead to comparable problems with the ad valorem approach. This line of argument raises questions over the current approach in the multilateral trade negotiations of negotiating on producer subsidy equivalents (PSEs), or some other subsidy-like measure.
- Notes:
- Print version record
- May 1988.
- Includes bibliographical references.
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