{"title":"A comment on “Quality standards, industry structure, and welfare in a global economy”","authors":"Dao-Zhi Zeng","doi":"10.1111/ajae.70002","DOIUrl":null,"url":null,"abstract":"<p>Gaigné and Larue (<i>American Journal of Agricultural Economics</i> 98:1432–1449) examined the welfare implications of quality regulations within an international trade context, employing a general-equilibrium framework. Their study uses a CES (Constant Elasticity of Substitution) model and finds that stricter public standards might improve welfare. However, this conclusion was actually derived from a partial-equilibrium analysis. This note conducts a thorough general-equilibrium analysis and demonstrates that their anticipated outcome does not hold within their CES framework.</p>","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"108 3","pages":"995-1002"},"PeriodicalIF":4.9000,"publicationDate":"2026-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"American Journal of Agricultural Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ajae.70002","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/7/1 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
引用次数: 0
Abstract
Gaigné and Larue (American Journal of Agricultural Economics 98:1432–1449) examined the welfare implications of quality regulations within an international trade context, employing a general-equilibrium framework. Their study uses a CES (Constant Elasticity of Substitution) model and finds that stricter public standards might improve welfare. However, this conclusion was actually derived from a partial-equilibrium analysis. This note conducts a thorough general-equilibrium analysis and demonstrates that their anticipated outcome does not hold within their CES framework.
期刊介绍:
The American Journal of Agricultural Economics provides a forum for creative and scholarly work on the economics of agriculture and food, natural resources and the environment, and rural and community development throughout the world. Papers should relate to one of these areas, should have a problem orientation, and should demonstrate originality and innovation in analysis, methods, or application. Analyses of problems pertinent to research, extension, and teaching are equally encouraged, as is interdisciplinary research with a significant economic component. Review articles that offer a comprehensive and insightful survey of a relevant subject, consistent with the scope of the Journal as discussed above, will also be considered. All articles published, regardless of their nature, will be held to the same set of scholarly standards.