Testing for Efficiency: A Policy Analysis with Probability Distributions

The study evaluates the efficiency of government intervention using a vertically-structured model including imperfectly competitive agricultural input markets, a bread grain market, and an imperfectly competitive food industry. An actually observed bread grain policy is compared to a hypothetical efficient policy. Computer-intensive simulation procedures and surface response functions are utilized to account for the sensitivity of model results with respect to 10,000 normal distributed parameter sets.


Editor(s):
Arfini, Filippo
Issue Date:
2005-04
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/239277
Page range:
222-232
Total Pages:
11




 Record created 2017-04-01, last modified 2017-11-07

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