The optimal level of state ownership of the agricultural land in Yugoslavia is determined under policy scenarios including food security, price support, trade commitments or quotas, and employment levels. These policies are evaluated with reference to their price (cost) implications, consumers'...

Agricultural trade protection has been common in most industrialized nations for the last decades. While economic inefficiency of trade protection policy has been argued, the assertion may not hold if institutions functioning in economic equilibrium are appropriately recognized. Becker proposes...

Complications arise in the estimation of welfare changes in vertically and horizontally linked markets when technology affects production. Past research has dealt with these complications using single-equation models and dual approaches. We briefly discuss some of the limitations of these...

This paper proposes an analytical framework to examine the market and welfare impacts of GMOs, when some consumers refuse genetically modified organisms (GMOs) and when two supply channels are segregated (one for goods that containing GMOs and one for non-genetically-modified identity-preserved...

It is well recognized that the statistical reliability of the conventional method of estimating the effects of technological change on producer welfare is often quite poor. I present a method that enhances the statistical reliability of such estimates. I emphasize that when measuring the welfare...