Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-18T07:46:07.115Z Has data issue: false hasContentIssue false
  • English
  • Français

Price Endogenous Mathematical Programming Models and Trade Analysis

Published online by Cambridge University Press:  09 September 2016

Thomas H. Spreen
Thomas H. Spreen*
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, FL
Get access Rights & Permissions [Opens in a new window]

Extract

Takayama and Judge introduced the price endogenous mathematical programming model as an alternative to the traditional econometric approach to sector-level policy analysis. McCarl and Spreen provided a review of price endogenous mathematical programming models. In that paper, they showed how price endogeneity can be introduced into a standard firm-level linear programming model. The introduction of price endogeneity allows expansion of the firm-level specification to a market-level analysis. At the time of publication of McCarl and Spreen, however, the application of price endogenous mathematical programming models was limited by the availability of software packages that could directly solve such models. The typical application used linear supply and/or demand relationships, which resulted in a quadratic programming (QP) specification. The advent of MINOS in the 1980s and then its incorporation into GAMS has lifted the computation constraint. In the present day, numerous price endogenous models have been developed. I can lay claim to six such models.

Type
Lifetime Achievement Awards
Information
Journal of Agricultural and Applied Economics , Volume 38 , Issue 2 , August 2006 , pp. 249 - 253
Copyright
Copyright © Southern Agricultural Economics Association 2006

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Busby, J.C., and Spreen, T.H.. “The Impact on the U.S. Grapefruit Industry on Banning the Pesticide Sodium Ortho-phenylphenate.” Journal of Food Distribution Research 26,2(1995):39–46.Google Scholar
Deepak, M.S., Spreen, T.H., and VanSickle, J.J.. “An Analysis of the Impact of a Ban of Methyl Bromide on the U.S. Winter Fresh Vegetable Market.” Journal of Agricultural and Applied Economics 28,2(1996):433–43.CrossRefGoogle Scholar
Florida Agricultural Statistics Service (FASS). Commercial Citrus Inventory. Orlando, FL. Various issues.Google Scholar
McCarl, B.A., and Spreen, T.H.. “Price Endogenous Mathematical Programming as a Tool for Sector Analysis.” American Journal of Agricultural Economics 62(1980):87–102.CrossRefGoogle Scholar
Pana-Cryan, R. “A Model of the World Market for Fresh and Processed Grapefruit.” Unpublished M.S. thesis, Food and Resource Economics Department, University of Florida, Gainesville, FL, 1991.Google Scholar
Spreen, T.H. “Projections of World Production and Consumption of Citrus to 2010.” Proceedings of the International Citrus Symposium 2001 (organized by the Ministry of Agriculture, People's Republic of China, and the Food and Agricultural Organization, United Nations, Beijing, China), 2001, pp. 152–64.Google Scholar
Spreen, T.H., Paggi, M., Flambert, A., and Fernandes, W. Jr. “An Analysis of the EU Banana Trade Regime.” Selected poster presented at the American Agricultural Economics Association meetings, Tampa, FL, August 2000. Electronic abstract at Internet site: http://agecon.lib.umn.edu/aaea.html/#aaea00 Google Scholar
Spreen, T.H., Brewster, C., and Brown, M.G.. “The Free Trade Area of the Americas and the World Processed Orange Market.” Journal of Agricultural and Applied Economics 35(2003): 107–26.CrossRefGoogle Scholar
Spreen, T.H., McCarl, B.A., and White, K.T.. “Modeling the Cattle Subsector: A Demonstration in Guyana.” Canadian Journal of Agricultural Economics 28(1980: 17–32.Google Scholar
Takayama, T., and Judge, G.G.. Spatial and Temporal Price and Allocation Models. Amsterdam: North Holland, 1971.Google Scholar