Food-pricing policy, for rice in particular, is central to the Indonesian development strategy for agriculture. The rice-pricing policy has the dual roles of providing incentive to producers to regulate production and moderating consumer demand. This policy and the effective administration of...

A linear version of the Almost Ideal Demand System and the Multinomial Linear Logit Model are used to estimate Indonesia's food demand system in order to support policy analysis for Indonesia's five-year plan. The resulting estimated elasticities vary significantly across economic levels. These...

Food-pricing policy, for rice in particular, is central to the Indonesian development strategy for agriculture. The rice-pricing policy has the dual roles of providing incentive to producers to regulate production and moderating consumer demand. This policy and the effective administration of...

Abstract not available

This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. For example, the European Community can be treated as a small open economy facing price instability of agricultural products originating in...

The costs of shortages and rationing are not captured by standard consumer price indices. Thus the change in real gross domestic product (GDP) per capita is an overestimate of welfare losses in transition economies. In this study the authors use virtual prices to calculate new cost-of-living...

Meat consumption patterns have changed in the United States. A cursory inspection of the disappearance statistics for meat in the United States reveals that generally, the consumption of red meats has decreased or remained constant while the consumption of poultry and other meats has increased....

Strategic trade in international markets is important for agricultural and other basic commodities. State trading companies (STCs) and large private firms control most of the trade volume. In this study the authors use concepts of modern game theory to treat time inconsistency issues associated...

This paper analyzes the incidence of agricultural commodity programs. Producers advocate commodity programs and receive price subsidies, but free entry and perfectly elastic supplies of nonland inputs ensure that landowners extract the entire surplus from price subsidies. Moreover, an increase...