Show simple item record

dc.contributor.advisorChairperson, Graduate Committee: Vincent H. Smith.en
dc.contributor.authorVedrashko, Alexander Williamen
dc.coverage.spatialUnited Statesen
dc.date.accessioned2013-06-25T18:37:49Z
dc.date.available2013-06-25T18:37:49Z
dc.date.issued1998en
dc.identifier.urihttps://scholarworks.montana.edu/xmlui/handle/1/2474en
dc.description.abstractThe Alchian and Allen theorem states that when a common per unit fee is added to the prices of high and low quality goods, the relative price of the high quality good falls, and its relative consumption increases. The theorem has been analyzed in the literature under the assumption that the prices of the goods are exogenous. This thesis presents a spatial equilibrium model that drops this restriction. The comparative statics analysis developed in this thesis does not support the theorem proposition in the general case. The theorem is then tested empirically on U.S. hard wheat exports. Transport costs, represented by ocean grain freight rates, are not found to have a significant influence on the average quality of U.S. wheat exports for the group of importing countries with a high per capita incomes that have not received U.S. export subsidies. However, transport costs are shown to be positively related with the average quality of U.S. wheat exports for the group of low-income importing countries. Additionally, it is shown that there exists an inverse relationship between the relative price of high quality wheat and the average quality of U.S. wheat exports for high-income countries.en
dc.language.isoenen
dc.publisherMontana State University - Bozeman, College of Agricultureen
dc.subject.lcshWheat.en
dc.subject.lcshGrain trade.en
dc.subject.lcshPrices.en
dc.subject.lcshExports.en
dc.subject.lcshEconomics.en
dc.titleThe Alchian and Allen theorem : theory and evidenceen
dc.typeThesisen
dc.rights.holderCopyright Alexander William Vedrashko 1998en
thesis.catalog.ckey587064en
thesis.degree.committeemembersMembers, Graduate Committee: Ron Johnson; Randal R. Ruckeren
thesis.degree.departmentAgricultural Economics & Economics.en
thesis.degree.genreThesisen
thesis.degree.nameMSen
thesis.format.extentfirstpage1en
thesis.format.extentlastpage76en
mus.relation.departmentAgricultural Economics & Economics.en_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record


MSU uses DSpace software, copyright © 2002-2017  Duraspace. For library collections that are not accessible, we are committed to providing reasonable accommodations and timely access to users with disabilities. For assistance, please submit an accessibility request for library material.