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Throughout much of the developed world, macroeconomic policies afforded a unique period of macroeconomic stability in the two decades following World War II. As a result, concern regarding the macroeconomic linkages with food and agricultural systems largely disappeared. In the early 1970s, with...
Persistent link: https://www.econbiz.de/10005612596
In collective decision making, political alliances naturally arise and are critical to the negotiation processes that lead to the actual implementation of decisions. In the present context, an "alliance" refers simply to a group of political actors who share common, but not identical, interests...
Persistent link: https://www.econbiz.de/10005612622
The agricultural sectors of the United States and other developed countries have been subjected to a myriad of policies and regulations that have contributed to unsatisfactory production patterns and resource allocations both within and between countries. Furthermore, such policies have imposed...
Persistent link: https://www.econbiz.de/10005612629
This paper reports on our numerical analysis of the model developed in Rausser-Simon 1991a and 1991b. We will assume that the reader is thoroughly familiar with the latter paper and refer frequently to the terminology introduced there. Two conclusions were readily apparent from the paper. First,...
Persistent link: https://www.econbiz.de/10005612638
Collective action, although often superior to anarchy, tends to be socially suboptimal even when the proclivity of free riders to defect is fully controlled and an organization for collective action is set up. An effective organization for collective action involving many participants will...
Persistent link: https://www.econbiz.de/10005612641
The domestic support of and protectionist policies toward agriculture in major Organization for Economic Cooperation and Development (OECD) countries has been partly responsible for surplus commodity production and sagging international commodity prices in recent years. Between 1980 and 1987,...
Persistent link: https://www.econbiz.de/10005612647
In the second of three related papers, the authors develop a model that estimates the effects on prices, outputs, and trade flows arising from the elimination of U.S. import tariffs on contemplate agricultural commodities from Latin America. Eight agricultural commodities and six countries were...
Persistent link: https://www.econbiz.de/10005619214
In this paper we address a bothersome question for public choice analysis: Why do consumers and taxpayers acquiesce to seemingly inefficient wealth transfers to a relatively small number of producers? The most common and briefest answer given by political economists is that any individual...
Persistent link: https://www.econbiz.de/10005619225
Any attempt to reform existing public policies or to implement new policies faces an arduous negotiation process and the tyranny of the status quo. One of the basic premises of the Uruguay Round of the GATT is that the reform of border policies could not be sustained without dramatic...
Persistent link: https://www.econbiz.de/10005786300
In the case of the U.S. agricultural policy, this paper shows how governmental intervention can be formally incorporated in a conditional-vector-error-correcting model. From the resulting theoretical framework and empirical analysis, formal hypotheses are tested regarding both forward and...
Persistent link: https://www.econbiz.de/10005786333