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Developing Policy Relevant Agrifood Models

Published online by Cambridge University Press:  28 April 2015

James I. Rude
Affiliation:
Department of Agribusiness and Agricultural Economics, University of Manitoba, Winnipeg, MB
Karl D. Meilke
Affiliation:
Department of Agricultural Economics and Business, University of Guelph, Guelph, ON

Abstract

The opportunities and challenges of incorporating accurate policy representations into institutional partial equilibrium commodity models were investigated. Six issues are raised: commodity space definition, vertical linkages, assessing market power, the changing nature of government support, trade policy, and data requirements. The importance of product attributes and different approaches to modeling product differentiation are considered. A case study of food safety is used to bring together the major issues. Although institutional commodity models still have a role to play, we advocate the use of smaller idiosyncratic models to address many of the relevant policy questions in a rapidly changing sector.

Type
Invited Paper Sessions
Copyright
Copyright © Southern Agricultural Economics Association 2004

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