Simulating the Effects of Supply and Demand Elasticities on Political-Economic Equilibrium

Simulating the Effects of Supply and Demand Elasticities on Political-Economic Equilibrium

Wallace's (1962) pioneering study brought to agricultural economics a focus on the role of supply and demand elasticity's in determining the efficiency with which agricultural policy transfers income among interest groups. His discussion...

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Bibliographic Details
Main Author:	Bullock, David S.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	AGRICULTURAL PRICE AGRICULTURE CLOSED ECONOMY COMPETITIVE EQUILIBRIUM CONSTANT RETURNS TO SCALE CONSUMER PRICE CONSUMER SURPLUS CONSUMERS COST INCREASES DEMAND CURVE DEMAND ELASTICITY DEMAND FUNCTION ECONOMIC EFFECTS ECONOMIC EQUILIBRIUM ELASTICITY ELASTICITY OF DEMAND ELASTICITY OF SUPPLY EQUILIBRIUM PRICES EXPENDITURES EXPERIMENTAL ECONOMICS EXTERNALITIES FREE TRADE GAME THEORY GOVERNMENT INTERVENTION INCOME INTEREST GROUP MARGINAL BENEFITS MARGINAL COST MARGINAL COSTS MARGINAL VALUE MONOPOLIES NASH EQUILIBRIUM OPPORTUNITY COST POLITICAL ECONOMY POLITICAL POWER PRICE LEVEL PRICE POLICY PRICE SUPPORT PRICE SUPPORTS PRODUCER PRICE SALE SOCIAL COST SOCIAL COSTS SUBSTITUTE SUPPLIERS SUPPLY CURVE SUPPLY ELASTICITY SUPPLY FUNCTION TAX TAX REVENUES TRADE POLICY WELFARE ECONOMICS WORLD POLITICAL ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/840971468332983433/Simulating-the-effects-of-supply-and-demand-elasticities-on-political-economic-equilibrium http://hdl.handle.net/10986/28277

Internet

http://documents.worldbank.org/curated/en/840971468332983433/Simulating-the-effects-of-supply-and-demand-elasticities-on-political-economic-equilibrium
http://hdl.handle.net/10986/28277

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