Economic substitution for US wheat food use by class*

Marsh, Thomas L.

doi:10.1111/j.1467-8489.2005.00295.x

Cited by 10 publications

(16 citation statements)

References 22 publications

(26 reference statements)

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“…11 Data on prices and quantities were collected for a recent year (2002) and the parameters of the linear demand and supply functions (equations (3)-(5)) were calibrated using the method introduced by Dixit (1988). In terms of the benchmark calibration, we used the following values: the domestic demand elasticity equal to −0.8 (this accords with empirical studies of the cereals market published by Marsh (2005) for the Alston and Gray (2000) in their study of the CWB; and the elasticity of substitution was initially set at 3, capturing some limited degree of substitution between wheat from different sources. 12 Clearly, in some empirical studies different values for these elasticities have been found so we conducted sensitivity analysis by varying each of these parameters.…”

Section: Consumer Tax and Export Subsidy Equivalent Effectsmentioning

confidence: 98%

Deregulation as (Welfare Reducing) Trade Reform: the Case of the Australian Wheat Board

McCorriston

MacLaren

2007

American J Agri Economics

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State trading enterprises are distinguishable from private, commercial firms by the nature of their exclusive rights and objectives. Deregulation of the Australian Wheat Board is used to illustrate the effects of these rights and objectives on trade and welfare. Theoretical models are specified and the effects measured through calibrated, partial equilibrium models. It was found that the successive deregulations of the Australian Wheat Board caused it to switch from being equivalent to an export subsidy to, today, being equivalent to an export tax. At the same time, deregulation has not necessarily been welfare enhancing. Copyright 2007, Oxford University Press.

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Section: Consumer Tax and Export Subsidy Equivalent Effectsmentioning

confidence: 98%

Deregulation as (Welfare Reducing) Trade Reform: the Case of the Australian Wheat Board

McCorriston

MacLaren

2007

American J Agri Economics

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“…Malting barley maintains a sensitive product quality structure, and much of what is planted for malting markets ends up as lower-priced feed barley. There exists a convincing and growing literature that suggests that a more differentiated market exists for most of the internationally traded grains that go beyond the standard grading system, e.g., Stiegert and Blanc (1997) ;Johnson, Grennes, and Thursby (1979);and Marsh (2005). In most cases, raw food commodities are differentiated by quality attributes, physical growing constraints, geographic origin, credit policies, delivery dates, and ancillary services.…”

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confidence: 98%

State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets

Dong

Marsh

Stiegert

2006

American J Agri Economics

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This study tested if the exclusive procuring and pricing policies of two state trading enterprises (STEs) in international malting barley markets could be used in a strategic trade context. The research provided four key findings. First, the global malting barley market operated in a quantity-setting oligopolistic structure during the study years. Second, both STEs and other exporting countries were in Cournot competition and thus made available strategic trade possibilities. Third, initial commodity payments were too high to generate a rent-shifting outcome. Fourth, product differentiation was confirmed, which may have dampened the desire/ability of STEs to pursue a rent-shifting objective. Copyright 2006, Oxford University Press.

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“…3 3 See Marsh (2005) for an in‐depth literature review of studies, which focused on the wheat market. …”

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confidence: 99%

“…Free Trade Agreement (CUSTA) are some of the factors cited which have encouraged U.S.‐Canada trade. Please see Koo and Mattson (2002) and Johnson and Wilson (2005) for details.…”

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Substitution between U.S. and Canadian Wheat by Class

Mulik¹,

Koo²

2011

Canadian Journal of Agricultural Economics/Revue Canadienne d'Agroeconomie

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The imports of hard red winter and durum wheat from Canada has been a source of contention among U.S. wheat growers, due to the likeness between domestic and imported Canadian wheat. This has also been investigated as a source of material injury to the U.S. market. We examine the relative substitution between U.S. and Canadian wheat, by class, by treating wheat as an input in flour production. We find that while U.S. hard red spring wheat and U.S. hard red winter wheat are economic substitutes, there is limited price substitution between U.S. and Canadian durum and U.S. and Canadian hard red spring wheat. Quality differences from the millers’ perspective may be the reason driving the import demand for hard red spring and durum wheat from Canada. Les importations de blé de force rouge d'hiver et de blé dur en provenance du Canada sont une source de conflit chez les producteurs de blé des États‐Unis, en raison de la ressemblance entre le blé produit aux États‐Unis et le blé importé du Canada. Ce point, jugé comme une source de préjudice important au marchéétatsunien, a également fait l'objet d'une enquête. Nous avons examiné la substitution relative du bléétatsunien et canadien, selon la classe, en traitant le blé comme un intrant dans la production de farine. Nos résultats ont indiqué que, bien que le blé de force roux de printemps et le blé de force rouge d'hiver soient des substituts économiques, la substitution en raison du prix demeure limitée entre le blé dur étatsunien et canadien et entre le blé de force roux de printemps étatsunien et canadien. Les différences de qualité perçues par les meuniers pourraient être la raison qui stimule la demande d'importation de blé de force roux du printemps et de blé dur en provenance du Canada.

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Economic substitution for US wheat food use by class*

Cited by 10 publications

References 22 publications

Deregulation as (Welfare Reducing) Trade Reform: the Case of the Australian Wheat Board

Deregulation as (Welfare Reducing) Trade Reform: the Case of the Australian Wheat Board

State Trading Enterprises in a Differentiated Product Environment: The Case of Global Malting Barley Markets

Substitution between U.S. and Canadian Wheat by Class

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