TY  - JOUR
AB  - Since 1981, the U.S. federal government has operated a price support program to help sugar beet and sugar cane producers and processors. This complex program works through a combination of loans, import quotas, and duties. As a result, sugar prices in the United States are significantly higher than world prices. For example, in December 2001, U.S. consumers paid 22.9 cents per pound, while the world price was just 9 cents per pound. The General Accounting Office estimates that the total cost to consumers is $1.9 billion a year. Uses a simple demand-and-supply framework with real-world data to assess the economic and political consequences of the U.S. sugar program.To illustrate welfare concepts such as consumer surplus, producer surplus, and dead-weight loss in a concrete, real-world market context.
VL  - 
IS  - 
SN  - 2474-6568
DO  - 10.1108/case.kellogg.2016.000327
UR  - https://doi.org/10.1108/case.kellogg.2016.000327
AU  - Al-Najjar Nabil
AU  - Baliga Sandeep
AU  - Forman Chris
PY  - 2017
Y1  - 2017/01/01
TI  - Sugar Daddy: Quotas and the U.S. Government
T2  - Kellogg School of Management Cases
PB  - Kellogg School of Management
SP  - 1
EP  - 8
Y2  - 2024/04/25
ER  -