Whence the Beef: The Effect of Repealing Mandatory Country of Origin Labeling (COOL) Using a Vertically Integrated Armington Model with Monte Carlo Simulation.
Increasingly, international trade policy analysis explores the economic effects of changes in ad‐valorem tariffs or equivalent nontariff measures on vertically integrated markets for which high quality data are unavailable. Standard Constant Elasticity of Substitution (CES) Armington models fail to...
| Publicado en: | Southern Economic Journal Vol. 84; no. 3; pp. 879 - 898 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jan2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=127217268&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 127217268 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jan2018 vid: 84 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 127217268 10.1002/soej.12248 ppf: 879 ppct: 19 formats: fmt: – @attributes: type: T – @attributes: type: P size: 309KB tig: atl: Whence the Beef: The Effect of Repealing Mandatory Country of Origin Labeling (COOL) Using a Vertically Integrated Armington Model with Monte Carlo Simulation. aug: au: Hallren, Ross Opanasets, Alexandra su: United States World Trade Organization Tariff Beef industry Market share Monte Carlo method sug: subj: Tariff United States World Trade Organization Animal (except Poultry) Slaughtering Meat Processed from Carcasses Rendering and meat processing from carcasses Red meat and meat product merchant wholesalers Other federal government public administration Beef industry Market share Monte Carlo method keyword: C63 F13 F17 C63 F13 F17 ab: Increasingly, international trade policy analysis explores the economic effects of changes in ad‐valorem tariffs or equivalent nontariff measures on vertically integrated markets for which high quality data are unavailable. Standard Constant Elasticity of Substitution (CES) Armington models fail to account for either vertical linkages or parameter uncertainty. Here, we introduce a vertically integrated, nested two‐sector Armington model that incorporates uncertainty in the estimates of Armington elasticities through Monte Carlo simulation. As an illustrative case, we model the effects of changes in country of origin labeling (COOL) rules on the market shares of cattle in the U.S. beef market. By accounting for parameter uncertainty in this way, we are able to estimate the distribution of potential effects of repealing mandatory COOL. Ultimately, we predict that, in all but the most extreme cases, Mexico and Canada would not gain as much market share from the repeal of mandatory COOL as they claim in their World Trade Organization (WTO) filings against the regulation. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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