Using the fact that separate markets exist for used and unused quota, this paper derives a formula to compute the marginal cost of the milk production using a competitive dynamic optimization model. It is showed that, under a perfect competitive quota market, the difference between unused quota...

This paper derives a set of linear and nonlinear restrictions to make a n-goods linear AIDS symmetric when all prices are allowed to vary. When prices are scaled by their means, the conventional restrictions are sufficient to make the linear AIDS symmetric at mean. This indicates an additional...

This article applied the constant market share (CMS) model to investigate the performance of China's export in agri-food products from 1980-96. The CMS results revealed a downward trend of China's competitiveness in agri-food exports over the period under the study. Some evidence was found that...

The top-down public agricultural extension system in China and its early commercialization reforms during the 1990s have left millions of farmers without access to extension services. A pilot inclusive agricultural extension system was introduced in 2005 to better meet the diverse needs of...

Rural households in developing economies frequently use precautionary saving to cope with income risk. Such prudent behavior can be strengthened in transition economies where more risks are typically faced by households during and after reforms. This paper uses a rich panel of rural households...

Farmers in developing countries face relatively large income risk and have limited access to formal financial products that can help them manage their risk. We present results from a randomized controlled trial in rural China designed to understand whether a small change in the timing of a...

Purpose – The purpose of this paper is to develop a dynamic computable general equilibrium (DCGE) model to analyze economy-wide impacts of different types of public spending in China. A particular focus is placed on their impacts on food economy. Design/methodology/approach – In this paper,...