Cairns, Alexander P.; Meilke, Karl D.; Benett, Nick - Canadian Agricultural Trade Policy Research Network (CATPRN) - 2010
former policy with a firm price ceiling – fixing the unit price of quota at $25,000. These policies represent a significant … production quota values; and second, to assess the welfare and distributional effects of each of the two quota policy schemes … there are several alternative policy options that could minimize efficiency losses while moderating the escalation in quota …