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Multiple Objective Analysis for a Spatial Market System: A Case Study of U.S. Agricultural Policy

  • Elizabeth Erickson
  • Robert House
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 249)

Abstract

Spatial models of market equilibrium for use in policy analysis often require inclusion of multiple objectives. This becomes a problem in multi-level programming for which there are not yet effective algorithms for large-scale models. This paper reports use of a heuristic method for developing non-dominated alternatives, using a two-level approximating and incorporating experimental design techniques. The analysis is of alternative pricing policies for the 1985 U.S. Farm Bill.

Keywords

Policy Instrument Target Variable Loan Rate Target Price Price Support 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1985

Authors and Affiliations

  • Elizabeth Erickson
    • 1
  • Robert House
    • 2
  1. 1.Department of EconomicsUniversity of AkronAkronUSA
  2. 2.Economic Research Service National Economics DivisionU.S. Department of AgricultureUSA

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