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Full-Text Articles in Social and Behavioral Sciences
Policy Risk In The Canadian Dairy Industry, Lia Nogueira, Richard Barichello, Kathy Baylis, Hayley Chouinard
Policy Risk In The Canadian Dairy Industry, Lia Nogueira, Richard Barichello, Kathy Baylis, Hayley Chouinard
Kathy Baylis
Canadian dairy farmers purchase a marketing quota through the Provincial Marketing Boards to sell milk in Canada. That quota captures rents created by regulations and is subject to policy risk. We define policy risk as the farmers' expectation that quota rents will decline or disappear over time. We calculate the effect of perceived policy risk to determine whether the Uruguay Round Agreement affected the amount of protection given to farmers. Calculated policy risk ranged from 14-29%. Policy risk increased in the years leading up to the Uruguay Round Agreement, but decreased after the WTO was established and remains at a …
Potential For Carbon Offsets From Anaerobic Digesters In Livestock Production, Kathy Baylis, Nicholas Paulson
Potential For Carbon Offsets From Anaerobic Digesters In Livestock Production, Kathy Baylis, Nicholas Paulson
Kathy Baylis
Free-Riding On Federalism: Trade Protection And The Canadian Dairy Industry, Kathy Baylis, W. Hartley Furtan
Free-Riding On Federalism: Trade Protection And The Canadian Dairy Industry, Kathy Baylis, W. Hartley Furtan
Kathy Baylis
This paper examines the link between federalism, rent-seeking and free-riding behaviour. Using data from the Canadian dairy industry, we test four hypotheses of the determinants of rent-seeking expenditure and the role of free-riding. First, we find that provinces do not cooperate with each other when lobbying the federal government for trade protection. Second, some provinces are found to free ride on the rent-seeking expenditure of the larger (more influential) provinces. Third, the cost of rent-seeking increases when the government is forced to make a decision regarding the future of the protectionist policies. Fourth, institutional changes under the 1994 GATT raised …