Problems in planning tropical tree crop projects and possible solutions |
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Authors: | Martin Upton Harold Casey |
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Institution: | Lecturer in Agricultural Economics , University of Reading |
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Abstract: | Abstract This paper considers whether top‐grade diary beef produced in Japan and high‐quality beef imports from the USA are components of the same product market. In addressing this issue an approach is used for defining the nature and extent of a product market relying on the concept of instantaneous causality. The results, for selected cuts of beef, suggest that the markets are in fact separate. |
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