Testing for Efficiency: A Policy Analysis with Probability Distributions
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
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.