The paper considers the benefit to agricultural producers from commodity price insurance that provides in every year, but in advance of the resolution of production and price uncertainty, a minimum price for a fixed or variable portion of production. Under the assumption that producers do not...

This paper explores the impact of the recent soar in world commodity prices on economic activity and household welfare in Tanzania, and the possible policy responses to that shock. The analysis is based on a single country computable general equilibrium model that includes considerable factor...

An agreement between Norway and the European Commission specifies an increase in the export tax on Norwegian salmon entering EU markets from 0.75% to 3.00% effective 1 July 1997. Further, Norway's exports are subject to a price floor and quantity ceiling, neither of which were binding over the...

Static decision rules are derived to indicate the optimal seasonal allocation of a fixed promotion budget when substitution effects are important and prices are determined under competitive conditions. Optimal allocation decisions are governed by price elasticities of supply and demand,...