PRODUCER BENEFITS FROM TECHNOLOGY INDUCED SUPPLY SHIFTS IN THE EC COTTON REGIME
研究了欧共体棉花制度下，希腊和西班牙棉花生产技术变革对生产者收益的影响，发现技术变革使生产者受益，但不同国家间收益分配不均，小国面临更大风险。
This paper examines the effect of the current EC cotton regime on the level and distribution of potential benefits from technological change in cotton production in Greece and Spain. Results indicate that technical innovations in cotton production benefit producers but do not affect EC consumers and taxpayers. In addition, technical advances in cotton production result in important inter‐country effects. These effects depend strongly on the relative magnitude of each country output and supply elasticity, the smaller producer (Spain) being in a riskier position. Finally, the current EC cotton regime, compared to a system which partitions the maximum guaranteed quantity between the two producer countries, benefits the innovative country.