Linking Comparative Advantage, Supply Management and Environmental Externalities: Lessons from an Integrative Economic Approach

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Linking Comparative Advantage, Supply Management and Environmental Externalities: Lessons from an Integrative Economic Approach

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dc.contributor.advisor Fox, Glenn
dc.contributor.author Rajsic, Predrag
dc.date 2011-12-15
dc.date.accessioned 2012-01-06T16:24:37Z
dc.date.available 2012-01-06T16:24:37Z
dc.date.issued 2012-01-06
dc.identifier.uri http://hdl.handle.net/10214/3239
dc.description.abstract Applying the concept of comparative advantage in the allocation of production has been required but ignored in Canadian supply-managed agriculture. There seems to be a lack of consensus among economists on how comparative advantage is to be observed and applied in this context. It is also not clear whether the recent changes in the environmental pressures from agriculture across Canada might have contributed to changes in the patterns of comparative advantage in primary dairy production. Linking the concept of individual comparative advantage with the concept of the market as an information discovery process through comprehensive microeconomic general equilibrium modeling, deductive reasoning, and statistical analysis of recent industry data has shown (1) that changes in individual comparative advantage in supply-managed industries are expressed through quota exchange and revealed through quota prices, and (2) that environmental externalities may change the patterns of comparative advantage. The current provincial quota prices, as the appropriate indicators of comparative advantage, suggest that more quota should be allocated to British Columbia and Alberta. en_US
dc.description.sponsorship Canadian Dairy Commission, Toronto Milk Producers, Ontario Ministry of Agriculture, Food and Rural Affairs en_US
dc.language.iso en en_US
dc.subject comparative advantage en_US
dc.subject externalities en_US
dc.subject supply management en_US
dc.subject heckscher-ohlin en_US
dc.subject environmental en_US
dc.subject ricardo en_US
dc.subject austrian economics en_US
dc.title Linking Comparative Advantage, Supply Management and Environmental Externalities: Lessons from an Integrative Economic Approach en_US
dc.type Thesis en_US
dc.degree.programme Food, Agriculture and Resource Economics en_US
dc.degree.name Doctor of Philosophy en_US
dc.degree.department Department of Food, Agricultural and Resource Economics en_US


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