RESEARCH PAYOFF FROM QUALITY IMPROVEMENT: THE CASE OF BACKFAT DEPTH IN PIGS
作者:
J. P. Voon,
G. W. Edwards,
期刊:
Journal of Agricultural Economics
(WILEY Available online 1991)
卷期:
Volume 42,
issue 1
页码: 66-76
ISSN:0021-857X
年代: 1991
DOI:10.1111/j.1477-9552.1991.tb00333.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Closed‐market models embodying alternative specifications of supply, demand and substitutability conditions are developed to measure the economic benefits from a research‐caused improvement in quality. The models are applied to the estimation of the economic benefits from reducing backfat depth in Australian pork. A major finding is that the Australian pig industry has the potential to derive a gross research benefit of about $7 million per annum from a 10% reduction in backfat thickness in pigs. Under each of the chosen specifications, the larger share of this gain accrues to pig producers. There could be additional social gains as a result of health benefits not incorporated in consumers' valuati
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