Production Response to Increased Imports: The Case of U.S. Sugar
P. Lynn Kennedy, Andrew Schmitz
Abstract
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P. Lynn Kennedy, Andrew Schmitz
Abstract
Open-access reader
This paper considers how the welfare of U.S. sugar producers can be affected by the use of production controls in the presence of rising sugar imports and falling sugar prices, taking into account the negative externalities associated with U.S. sugar production. Even if production controls are used, producer welfare can be affected negatively under rising imports.
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This paper considers how the welfare of U.S. sugar producers can be affected by the use of production controls in the presence of rising sugar imports and falling sugar prices, taking into account the negative externalities associated with U.S. sugar production. Even if production controls are used, producer welfare can be affected negatively under rising imports.
Key concepts: Sugar, Sugar production, Externality, Production (economics), Welfare, Economics, Agricultural economics, Microeconomics