Employment of Inappropriate Technologies in Agriculture: a Recipe for Lower Production

The social welfare impacts of Iran’s maize import policies versus China and Brazil export policies using a game theoretic approach.

Osei, K.; Gyasi-Boakye, S.; Afriyie, E.; Agyeman, A

2013

English

The social welfare impacts of Iran’s maize import policies versus China and Brazil export policies using a game theoretic approach. The economy of maize export by China and Brazil as well as Iran’s import demand are analyzed using empirical imports models. In this study, supply, demand, imports and price equations are estimated using a three-stage least squares (3SLS) model to obtain elasticities. The estimated elasticities are incorporated in a non-cooperative dynamic game framework to analyze the possible impacts of policy changes in these three countries. This study analyzes various policies, including several scenarios regarding changes in Iran’s import tariff from 0% to 10% with respect to China and Brazil