Agricultural Policy Adjustments in East Asia: The Korean Rice Economy
The processes of agricultural policy decision-making in the East Asian economies of Japan, Taiwan, and Korea are characterized by the complex interactions of competing special interest groups in their respective political arenas. An analytical model […]
Background Papers for Report of the Task Force on The Aggregate Measure of Support: Potential Use by GATT for Agriculture
Applying the AMS to support programs incorporating supply controls, by Donald McClatchy; Supply controls in U.S. agriculture, by Thomas W. Hertel; The U.S. wheat program, by Thomas Hertel, and Marinos E. Tsigas; Incorporating the export […]
Optimal Trade Policies for a Developing Country Under Uncertainty
This paper investigates optimal trade policies for a developing small open economy which faces international price uncertainty. Trade taxes are used to finance provision of a public good, which enters the utility function of consumers. […]
Report of the Task Force on The Comprehensive Proposals for Negotiations in Agriculture
Uncertainty, Price Stabilization and Welfare
This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. If the random tariff revenue is rebated ex post, domestic price stabilization increases […]
Politically Acceptable Trade Compromises Between the EC and the US: A Game Theory Approach
A model is developed to quantify the special status of agriculture in the US and the EC trade negotiations. The role of special interests are measured by a policy goals function (PGF) whose weights are […]
Agricultural Policies and the GATT: Reconciling Protection, Support and Distortion
This paper analyzes the relationship between the theory of protection, farm income support and international trade distortion. To parallel those of protection, a measure of distortion is derived which compares trade volumes under support policies […]