Testing the Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy

16 Pages Posted: 31 Mar 2020

See all articles by Kyeong‐Soo Jeong

Kyeong‐Soo Jeong

affiliation not provided to SSRN

David S. Bullock

University of Illinois at Urbana-Champaign

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Date Written: May 1999

Abstract

We discuss and model the structure of the political economy of Japanese beef markets, and we apply Bullock's statistical test of the efficient redistribution hypothesis to our model to study the Pareto efficiency of Japanese beef policy in 1990 and 1991. We found that, under the hypothesis that our modeled political economy adequately reflects the true Japanese beef political economy, we could not reject at the 5% significance level that Japanese beef policy was inefficient in 1990 and in 1991; however, we could reject inefficiency in 1991 at a 7% level of significance.

Keywords: efficient redistribution hypothesis, Japanese beef policy, Q130, Q180

Suggested Citation

Jeong, Kyeong‐Soo and Bullock, David S. and Garcia, Philip, Testing the Efficient Redistribution Hypothesis: An Application to Japanese Beef Policy (May 1999). American Journal of Agricultural Economics, Vol. 81, Issue 2, pp. 408-423, 1999, Available at SSRN: https://ssrn.com/abstract=3564527 or http://dx.doi.org/10.2307/1244591

Kyeong‐Soo Jeong (Contact Author)

affiliation not provided to SSRN

No Address Available

David S. Bullock

University of Illinois at Urbana-Champaign

601 E John St
Champaign, IL 61820
United States

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
427 Mumford Hall
Urbana, IL 61801
United States
217-333-0644 (Phone)
217-333-5538 (Fax)

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