Does Japan exert market power in the world wheat market? Public Deposited

http://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/m326m487n

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  • Hypothesis tests are developed for the exertion of market power by the Japanese government in the world and domestic wheat markets. The results indicate that the Japanese government is pursuing a more restrictive import policy for wheat than would be indicated by an optimal tariff strategy. Results also indicate that the Japanese government does not impose a restrictive policy on resale of wheat in the domestic market. An analysis of the welfare impacts of Japanese import restrictions suggests that the Japanese government may be pursuing a policy of collecting tariff revenues sufficient to cover domestic producer subsidies. The redistribution effects of Japanese import restrictions on the rest-of-world are sizeable.
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