Estimating the Impacts of Government Interventions in the International Rice Market
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A procedure is developed to estimate the distortions and welfare impacts of government interventions in the international rice market. The procedure is based on a spatial equilibrium model and the application of conjectural variations. The model estimates asymmetric price distortions caused by policies in both exporting and importing countries. We find that the measures of price distortion are slightly larger due to actions in importing countries than in exporting countries. The results show that welfare gains of U.S.$1.2 billion or about 14.8% are possible when all trading distortions are removed.
author list (cited authors)
Chen, C., McCarl, B. A., & Chang, C.