Applied welfare economics, trade, and agricultural policy analysis:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Toronto ; Buffalo ; LOndon
University of Toronto Press
2021
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xx, 304 Seiten Diagramme |
| ISBN: | 1487506074 9781487506070 1487524099 9781487524098 |
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| adam_text | CONTENTS Contents V List of Tables xi List ofFigures xiii Acronyms xvii Acknowledgments xxi 1 Introduction 1 1.1 Setting the Agricultural Stage 2 1.1.1 Top Agricultural Commodity Producers 3 1.1.2 Food Security : Green Revolution and Crop Yields 1.2 Structure of the Book 7 Guide to Literature 10 2 Project Evaluation Criteria 2.1 Private Financial Analysis 12 12 2.1.1 Financial Ranking Criteria 2.1.2 Conclusion 5 13 15 2.2 Society’s Perspective: Social Cost-Benefit Analysis 2.2.1 Benefits and Costs as Rent and Surplus 16 16 2.2.2 The Fundamental Equation of Applied Welfare Economics 2.2.3 Total Economic Value 22 2.2.4 Total (Average) Value versus Marginal Value 2.2.5 Conclusion 20 25 26 2.3 Multiple Accounts and Alternative Criteria 2.3.1 Environmental Quality 27 28 2.3.2 Regional Economic Development and Employment: Indirect Benefits 2.3.3 Other Social Effects 31 2.3.4 Concluding Observations about Multiple Accounts 2.4 Alternative Methods for Evaluating Projects 2.4.1 Cost-Effectiveness Analysis 32 32 31
2.4.2 Multiple Criteria Decision-Making 2.4.3 Life-Cycle Assessment 34 2.4.4 Cumulative Effects Analysis 35 2.5 Extreme Events and Irreversibility 36 2.6 Discounting and Choice of Discount Rate ЗЗ 38 2.6.1 Dilemmas in Choosing a Discount Rate in Cost-Benefit Analysis (CBA) 2.6.2 Risk Adjusted Discount Rates 40 2.6.3 Discounting in an Intergenerational Context Guide to Literature 46 Foodfor Thought 47 3 Externalities and Nonmarket Valuation 3.1 Cost Function Approach 50 3.2 Expenditure Function 52 3.2.1 Hedonic Pricing 41 49 52 3.2.2 Recreation Demand and the Travel Cost Method 53 3.3 Contingent Methods or Direct Approaches 3.3.1 Contingent Valuation Method 53 54 3.3.2 Choice Experiments/Stated Preferences 57 3.3.3 Constructed Preferences/Stakeholder Method 58 3.3.4 Fuzzy and ad hoc Methods for Determining Nonmarket Values 3.4 Benefit Transfer 59 3.5 Concluding Discussion Guide to Literature 63 Foodfor Thought 64 61 4 International Trade and Applied Welfare Analysis 4.1 Spatial Price Equilibrium Trade Modeling 4.2 Unrestricted Free Trade 66 69 4.3 Trade and the Measurement of Well-Being in Multiple Markets 4.3.1 Vertical Chains 71 4.3.2 Vertical and Horizontal Chains 4.4 Economic Policy and Trade: Examples vi Contents 59 72 75 71 66
4.4.1 EU Import Restrictions on Canadian Durum Wheat 75 4.4.2 Incentivizing Antidumping and Countervailing Duty Complaints: Byrd Amendment 4.4.3 Restricting Log Exports 4.5 Concluding Discussion 77 78 81 Appendix 4. A: Mathematics ofSupply Restrictions 82 Appendix 4.B: Calculation of Objective Function in SPE Models Guide to Literature 83 Foodfor Thought 84 83 5 Governance, Rent-Seeking, Global Trade, and the Agreement on Agriculture 88 5.1 Institutions and Governance 88 5.1.1 Models of Government 5.1.2 Takings 90 5.1.3 Institutions 92 88 5.1.4 Financing Government and Public Projects 5.2 Land Use and the Principal-Agent Problem 96 5.3 International Trade Negotiations and Agriculture 5.3.1 Agreement on Agriculture 94 97 98 5.3.2 Agreement on Subsidies and Countervailing Measures 5.4 Tariff Rate Quota 103 5.5 Concluding Discussion 104 Guide to Literature 105 Foodfor Thought 106 6 Analysis of Agricultural Policy: Theory 103 108 6.1 Background to Analysis of Agricultural Policy 109 6.2 Stock-Holding Buffer Fund Stabilization 111 6.3 Quotas and Supply-Restricting Marketing Boards 115 6.3.1 Quota and General Equilibrium Welfare Measurement 6.3.2 Quota Buyouts 117 118 6.3.3 Designing and Dismantling a Multi-Region Quota Program 120 6.4 Price Discrimination 123 6.5 Agricultural Technology: Genetically Modified Organisms 126 Contents vii
6.5.1 Agricultural Research and Development 126 6.5.2 Genetically Modified Organisms 127 6.6 Measuring Externalities in Agriculture 130 6.7 Concluding Discussion Guide to Literature 137 Foodfor Thought 137 137 140 7 Agricultural Policies in the United States and Canada 7.1 Agricultural Support: A Brief Overview 7.2 US Agricultural Policy 141 144 7.2.1 Analysis of US Price Support Programs 147 7.2.2 Reducing Production and Disposing of Excess Grain 7.2.3 Decoupling 152 7.2.4 Moving Forward 154 7.3 Canadian Agricultural Policy 157 7.3.1 State Trading: The Canadian Wheat Board (1935-2012) 7.3.2 Crop Insurance 150 158 159 7.3.3 Western Grain Stabilization Act (1976) 160 7.3.4 Transportation Programs and Subsidies 161 7.3.5 Supply Management 162 7.4 Concluding Discussion 168 Guide to Literature 169 Foodfor Thought 169 8 Agricultural Policy in Europe and Asia 8.1 Agricultural Policy Reform in the European Union 8.1.1 Background to the European Union 172 173 174 8.1.2 High and Increasing Costs of Agricultural Programs 8.1.3 Integration of New Members 177 179 8.1.4 Reform of the CAP and Increasing Environmental Concerns 8.1.5.Further Analysis of Sector-Level Programs 8.1.6 Brexit 185 194 8.2 Agriculture in Developing Countries 196 8.2.1 Economy-wide Economic Reform and Chinese Agriculture viii Contents 181 200
8.2.2 India and the Rice Economy Guide to Literature 205 Foodfor Thought 206 201 9 Agricultural Business Risk Management 208 9.1 Privatizing Agricultural Hedges: Financial Products versus Insurance 9.1.1 Index Insurance and Derivatives 9.1.2 Futures Trading and Options 210 211 213 9.2 Agricultural Business Risk Management in the United States 216 9.2.1 Deep Loss Protection: The Federal Crop Insurance Program 216 9.2.2 Agricultural Business Risk Management Programs in the 2008 Farm Bill 219 9.2.3 Agricultural Business Risk Programs in the 2014 and 2018 Farm Bills 220 9.2.4 Dairy 225 9.2.5 Trade Issues 225 9.3 Agricultural Business Risk Management in Canada 226 9.3.1 The Shift from Price Support to Risk Management 9.3.2 Enter Growing Forward 226 228 9.3.3 Shift from Growing Forward to Growing Forward 2 230 9.3.4 Evaluation of Canada’s Agricultural Business Risk Programs 9.3.5 Going Forward: Canadian Agricultural Partnership 232 235 9.4 Concluding Discussion: Lessons for Agricultural Business Risk Management 9.4.1 Do Agricultural BRM Programs Distort Production? 237 9.4.2 Comparison of US and Canadian Approaches to Risk Management 238 Appendix 9. A: A BriefLook at the Economics ofRisk and Risk Aversion 9.A. 1 Systemic versus Idiosyncratic Risk 240 240 9. A. 2 Expected Income Maximization and the Risk Aversion Coefficient Guide to Literature 243 Foodfor Thought 244 10 Climate Change and Applied Welfare Economics 10.1 Anthropogenic Climate Change and Its Impact 10.1.1 Climate Sensitivity 10.1.2 Damages 236 241 246 248 248 250 Contents ix
10.2 Economic Evaluation: The Role of Integrated Assessment Models 10.2.1 Climate Models and Policy Models 253 10.2.2 Carbon Price as a Policy Variable 256 252 10.3 Economic Impacts of Climate Change on Agriculture 257 10.3.1 Land Rents and the Regression Approach 257 10.3.2 Mathematical Representation of Landowner Decisions 10.4 Climate Change and Food Security 261 10.5 Discounting and Climate Urgency 266 260 10.5.1 Discounting Carbon 266 10.5.2 Economics of Wood Biomass Energy: Climate Urgency and Discounting 10.6 Mitigating Climate Change 272 10.6.1 International Action to Mitigate Climate Change 272 10.6.2 Agricultural Role in Mitigating Climate Change 273 10.6.3 Managing for Carbon: Carbon Pools and Fossil Fuel Substitution 275 10.7 Discussion 279 Guide to Literature 280 Foodfor Thought 281 References 285 Index 297 x Contents 268
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| adam_txt |
CONTENTS Contents V List of Tables xi List ofFigures xiii Acronyms xvii Acknowledgments xxi 1 Introduction 1 1.1 Setting the Agricultural Stage 2 1.1.1 Top Agricultural Commodity Producers 3 1.1.2 Food Security : Green Revolution and Crop Yields 1.2 Structure of the Book 7 Guide to Literature 10 2 Project Evaluation Criteria 2.1 Private Financial Analysis 12 12 2.1.1 Financial Ranking Criteria 2.1.2 Conclusion 5 13 15 2.2 Society’s Perspective: Social Cost-Benefit Analysis 2.2.1 Benefits and Costs as Rent and Surplus 16 16 2.2.2 The Fundamental Equation of Applied Welfare Economics 2.2.3 Total Economic Value 22 2.2.4 Total (Average) Value versus Marginal Value 2.2.5 Conclusion 20 25 26 2.3 Multiple Accounts and Alternative Criteria 2.3.1 Environmental Quality 27 28 2.3.2 Regional Economic Development and Employment: Indirect Benefits 2.3.3 Other Social Effects 31 2.3.4 Concluding Observations about Multiple Accounts 2.4 Alternative Methods for Evaluating Projects 2.4.1 Cost-Effectiveness Analysis 32 32 31
2.4.2 Multiple Criteria Decision-Making 2.4.3 Life-Cycle Assessment 34 2.4.4 Cumulative Effects Analysis 35 2.5 Extreme Events and Irreversibility 36 2.6 Discounting and Choice of Discount Rate ЗЗ 38 2.6.1 Dilemmas in Choosing a Discount Rate in Cost-Benefit Analysis (CBA) 2.6.2 Risk Adjusted Discount Rates 40 2.6.3 Discounting in an Intergenerational Context Guide to Literature 46 Foodfor Thought 47 3 Externalities and Nonmarket Valuation 3.1 Cost Function Approach 50 3.2 Expenditure Function 52 3.2.1 Hedonic Pricing 41 49 52 3.2.2 Recreation Demand and the Travel Cost Method 53 3.3 Contingent Methods or Direct Approaches 3.3.1 Contingent Valuation Method 53 54 3.3.2 Choice Experiments/Stated Preferences 57 3.3.3 Constructed Preferences/Stakeholder Method 58 3.3.4 Fuzzy and ad hoc Methods for Determining Nonmarket Values 3.4 Benefit Transfer 59 3.5 Concluding Discussion Guide to Literature 63 Foodfor Thought 64 61 4 International Trade and Applied Welfare Analysis 4.1 Spatial Price Equilibrium Trade Modeling 4.2 Unrestricted Free Trade 66 69 4.3 Trade and the Measurement of Well-Being in Multiple Markets 4.3.1 Vertical Chains 71 4.3.2 Vertical and Horizontal Chains 4.4 Economic Policy and Trade: Examples vi Contents 59 72 75 71 66
4.4.1 EU Import Restrictions on Canadian Durum Wheat 75 4.4.2 Incentivizing Antidumping and Countervailing Duty Complaints: Byrd Amendment 4.4.3 Restricting Log Exports 4.5 Concluding Discussion 77 78 81 Appendix 4. A: Mathematics ofSupply Restrictions 82 Appendix 4.B: Calculation of Objective Function in SPE Models Guide to Literature 83 Foodfor Thought 84 83 5 Governance, Rent-Seeking, Global Trade, and the Agreement on Agriculture 88 5.1 Institutions and Governance 88 5.1.1 Models of Government 5.1.2 Takings 90 5.1.3 Institutions 92 88 5.1.4 Financing Government and Public Projects 5.2 Land Use and the Principal-Agent Problem 96 5.3 International Trade Negotiations and Agriculture 5.3.1 Agreement on Agriculture 94 97 98 5.3.2 Agreement on Subsidies and Countervailing Measures 5.4 Tariff Rate Quota 103 5.5 Concluding Discussion 104 Guide to Literature 105 Foodfor Thought 106 6 Analysis of Agricultural Policy: Theory 103 108 6.1 Background to Analysis of Agricultural Policy 109 6.2 Stock-Holding Buffer Fund Stabilization 111 6.3 Quotas and Supply-Restricting Marketing Boards 115 6.3.1 Quota and General Equilibrium Welfare Measurement 6.3.2 Quota Buyouts 117 118 6.3.3 Designing and Dismantling a Multi-Region Quota Program 120 6.4 Price Discrimination 123 6.5 Agricultural Technology: Genetically Modified Organisms 126 Contents vii
6.5.1 Agricultural Research and Development 126 6.5.2 Genetically Modified Organisms 127 6.6 Measuring Externalities in Agriculture 130 6.7 Concluding Discussion Guide to Literature 137 Foodfor Thought 137 137 140 7 Agricultural Policies in the United States and Canada 7.1 Agricultural Support: A Brief Overview 7.2 US Agricultural Policy 141 144 7.2.1 Analysis of US Price Support Programs 147 7.2.2 Reducing Production and Disposing of Excess Grain 7.2.3 Decoupling 152 7.2.4 Moving Forward 154 7.3 Canadian Agricultural Policy 157 7.3.1 State Trading: The Canadian Wheat Board (1935-2012) 7.3.2 Crop Insurance 150 158 159 7.3.3 Western Grain Stabilization Act (1976) 160 7.3.4 Transportation Programs and Subsidies 161 7.3.5 Supply Management 162 7.4 Concluding Discussion 168 Guide to Literature 169 Foodfor Thought 169 8 Agricultural Policy in Europe and Asia 8.1 Agricultural Policy Reform in the European Union 8.1.1 Background to the European Union 172 173 174 8.1.2 High and Increasing Costs of Agricultural Programs 8.1.3 Integration of New Members 177 179 8.1.4 Reform of the CAP and Increasing Environmental Concerns 8.1.5.Further Analysis of Sector-Level Programs 8.1.6 Brexit 185 194 8.2 Agriculture in Developing Countries 196 8.2.1 Economy-wide Economic Reform and Chinese Agriculture viii Contents 181 200
8.2.2 India and the Rice Economy Guide to Literature 205 Foodfor Thought 206 201 9 Agricultural Business Risk Management 208 9.1 Privatizing Agricultural Hedges: Financial Products versus Insurance 9.1.1 Index Insurance and Derivatives 9.1.2 Futures Trading and Options 210 211 213 9.2 Agricultural Business Risk Management in the United States 216 9.2.1 Deep Loss Protection: The Federal Crop Insurance Program 216 9.2.2 Agricultural Business Risk Management Programs in the 2008 Farm Bill 219 9.2.3 Agricultural Business Risk Programs in the 2014 and 2018 Farm Bills 220 9.2.4 Dairy 225 9.2.5 Trade Issues 225 9.3 Agricultural Business Risk Management in Canada 226 9.3.1 The Shift from Price Support to Risk Management 9.3.2 Enter Growing Forward 226 228 9.3.3 Shift from Growing Forward to Growing Forward 2 230 9.3.4 Evaluation of Canada’s Agricultural Business Risk Programs 9.3.5 Going Forward: Canadian Agricultural Partnership 232 235 9.4 Concluding Discussion: Lessons for Agricultural Business Risk Management 9.4.1 Do Agricultural BRM Programs Distort Production? 237 9.4.2 Comparison of US and Canadian Approaches to Risk Management 238 Appendix 9. A: A BriefLook at the Economics ofRisk and Risk Aversion 9.A. 1 Systemic versus Idiosyncratic Risk 240 240 9. A. 2 Expected Income Maximization and the Risk Aversion Coefficient Guide to Literature 243 Foodfor Thought 244 10 Climate Change and Applied Welfare Economics 10.1 Anthropogenic Climate Change and Its Impact 10.1.1 Climate Sensitivity 10.1.2 Damages 236 241 246 248 248 250 Contents ix
10.2 Economic Evaluation: The Role of Integrated Assessment Models 10.2.1 Climate Models and Policy Models 253 10.2.2 Carbon Price as a Policy Variable 256 252 10.3 Economic Impacts of Climate Change on Agriculture 257 10.3.1 Land Rents and the Regression Approach 257 10.3.2 Mathematical Representation of Landowner Decisions 10.4 Climate Change and Food Security 261 10.5 Discounting and Climate Urgency 266 260 10.5.1 Discounting Carbon 266 10.5.2 Economics of Wood Biomass Energy: Climate Urgency and Discounting 10.6 Mitigating Climate Change 272 10.6.1 International Action to Mitigate Climate Change 272 10.6.2 Agricultural Role in Mitigating Climate Change 273 10.6.3 Managing for Carbon: Carbon Pools and Fossil Fuel Substitution 275 10.7 Discussion 279 Guide to Literature 280 Foodfor Thought 281 References 285 Index 297 x Contents 268 |
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| spellingShingle | Van Kooten, Gerrit C. Applied welfare economics, trade, and agricultural policy analysis Wohlfahrtstheorie (DE-588)4066735-2 gnd Umweltökonomie (DE-588)4061638-1 gnd Agrarökonomie (DE-588)4704302-7 gnd Welthandel (DE-588)4065365-1 gnd |
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| title | Applied welfare economics, trade, and agricultural policy analysis |
| title_auth | Applied welfare economics, trade, and agricultural policy analysis |
| title_exact_search | Applied welfare economics, trade, and agricultural policy analysis |
| title_exact_search_txtP | Applied welfare economics, trade, and agricultural policy analysis |
| title_full | Applied welfare economics, trade, and agricultural policy analysis G. Cornelis van Kooten |
| title_fullStr | Applied welfare economics, trade, and agricultural policy analysis G. Cornelis van Kooten |
| title_full_unstemmed | Applied welfare economics, trade, and agricultural policy analysis G. Cornelis van Kooten |
| title_short | Applied welfare economics, trade, and agricultural policy analysis |
| title_sort | applied welfare economics trade and agricultural policy analysis |
| topic | Wohlfahrtstheorie (DE-588)4066735-2 gnd Umweltökonomie (DE-588)4061638-1 gnd Agrarökonomie (DE-588)4704302-7 gnd Welthandel (DE-588)4065365-1 gnd |
| topic_facet | Wohlfahrtstheorie Umweltökonomie Agrarökonomie Welthandel |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=033285623&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT vankootengerritc appliedwelfareeconomicstradeandagriculturalpolicyanalysis |