Differentiated products and supply controls in the analysis of agricultural policy reform: the case of tobacco

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.

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Year of publication:	1992
Authors:	Beghin, John ; Chang, Ruey-er
Published in:	Agricultural Economics of Agricultural Economists. - International Association of Agricultural Economists - IAAE. - Vol. 07.1992, 3-4
Publisher:	International Association of Agricultural Economists - IAAE
Subject:	Agricultural and Food Policy \| Crop Production/Industries

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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