A NOTE - A CLARIFICATION OF THE ROLE OF YIELD UNCERTAINTY IN INFLUENCING OVER-QUOTA PRODUCTION

被引:1
|
作者
FRASER, R
机构
[1] Department of Agricultural Economics University of Western Australia, Nedlands, Western Australia
来源
关键词
D O I
10.1111/j.1467-8489.1995.tb00549.x
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
The literature shows that the influence of yield uncertainty on production relative to quota is ambiguous in the case of a single market. This paper uses a two-market framework (quota market and secondary market) with multiplicative yield uncertainty to show that if over-quota production in the absence of yield uncertainty is profitable, then the presence of yield uncertainty is unambiguously a further stimulus to over-quota production, The analysis is discussed in the context of recent changes to the marketing arrangements for Western Australian potatoes.
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页码:165 / 169
页数:5
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