An analysis of the welfare effects of research and promotion in a two-sector market
Irish Journal of Agricultural and Food Research
Marketing, Research, Welfare Economics
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.
Copyright © 1992 TEAGASC-Agriculture and Food Development Authority. Access to external full text or publisher's version may require subscription.
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.