A Stochastic Welfare Analysis of United States Rice Policy
Shin, Kie-Yup
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Permalink
https://hdl.handle.net/2142/83041
Description
Title
A Stochastic Welfare Analysis of United States Rice Policy
Author(s)
Shin, Kie-Yup
Issue Date
1999
Doctoral Committee Chair(s)
Bullock, David S.
Department of Study
Agricultural Economics
Discipline
Agricultural Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, General
Language
eng
Abstract
Methodologically this study suggests the relevance of the framework of stochastic welfare analysis, showing how government agricultural policies may improve economic welfare by reducing price risk faced by farmers. This study contributes to provide an empirical evidence on the magnitude of potential economic welfare gains of agricultural policies from reducing price risk inherent in agricultural markets.
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