OPERATIONAL EFFICIENCY OF US/CANADA WHEAT POOL: A GAME THEORY ANALYSIS

This paper develops a game theory optimization model of market efficiency and derives conditions under which voluntary pooling is sustained for US/Canada durum and hard red spring wheat producers. Analysis reveals that United States and Canadian farmers can increase farm returns with efficiency gains from pooling and by internalizing benefits from grain blending and logistics. The model is used to analyze diverse factors affecting the sustainability of such a pool.

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Year of publication:	2000
Authors:	Nganje, William E. ; Koo, Won W. ; Johnson, D. Demcey ; Park, Joon J. ; Taylor, Richard D.
Institutions:	Western Agricultural Economics Association - WAEA
Subject:	Crop Production/Industries \| Marketing

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Extent:	application/pdf
Series:	2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia Number 36439
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005477156