Title

An analysis of the welfare effects of research and promotion in a two-sector market

Document Type

Journal article

Source Publication

Irish Journal of Agricultural and Food Research

Publication Date

1-1-1992

Volume

31

Issue

1

First Page

51

Last Page

62

Publisher

TEAGASC

Keywords

Marketing, Research, Welfare Economics

Abstract

In this paper, a framework is provided which can be used to examine the welfare effects of research and promotion in a market disaggregated into two sectors. Diagrammatic and algebraic approaches are used to investigate the consequences of shifts in supply or demand, induced by research and promotion, for the welfare of producers and consumers in both sectors. The model is used to examine two policy issues: the efficiency of allocation of resources to supply-shifting and demand-shifting activities for traded commodities and the effects of levies on producers or consumers to fund supply-shifting and demand-shifting activities.

Print ISSN

07916833

E-ISSN

20099029

Publisher Statement

Copyright © 1992 TEAGASC-Agriculture and Food Development Authority. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Voon, T. J., & Edwards, G. W. (1992). An analysis of the welfare effects of research and promotion in a two-sector market. Irish Journal of Agricultural and Food Research, 31(1), 51-62.

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