Teaching Education Commentary

Textbook Review of: Equilibrium Displacement Models: Theory, Applications, and Policy Analysis. By Gary W. Brester, Joseph A. Atwood, and Michael A. Boland

George Davis(a), Andrew Keller(b), Henry Kinnucan(c), Mike McCullough(d), Hikaru Hanawa Peterson(e), Glynn Tonsor(f), and Mykel Taylor(c)
(a)Virginia Tech, (b)USDA Economic Research Service, (c)Auburn University, (d)California Polytechnical University, (e)University of Minnesota, (f)Kansas State University

JEL Codes: JEL Codes: Q11, Q18
Keywords: Equilibrium displacement models, policy

Publish Date: December 11, 2024

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Abstract

Equilibrium Displacement Models: Theory, Applications, and Policy Analysis by Gary W. Brester, Joseph A. Atwood, and Michael A. Boland provides a resource that serves practitioners and students alike. The discussion of EDMs is scholarly, rigorous, and clear throughout the book and it will be a useful resource for all scholars who are interested in analyzing policy impacts. The book is engaging and effective from a pedagogical point of view and provides clarity of explanation and breadth of policy examples. The review is conducted by a group of applied economists with specialization in EDMs, reflecting many different uses and perspectives.

About the Authors: George Davis is a Professor at Virginia Tech. Andrew Keller is an Agricultural Economist with the USDA, Economic Research Service. Henry Kinnucan is a Professor Emeritus at Auburn University. Mike McCullough is a Professor at California Polytechnic State University. Hikaru Hanawa Peterson is a Professor at the University of Minnesota. Glynn Tonsor is a Professor at Kansas State University. Mykel Taylor is an Associate Professor at Auburn University (Corresponding author email: mrt0055@auburn.edu).

References

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Just, R.E., D.L. Hueth, and A. Schmitz. The Welfare Economics of Public Policy: A Practical Approach to Project and Policy Evaluation. Northampton, MA: Edward Elgar, 2004

Kinnucan, H., and O. Myrland. 2005. “Effects of Income Growth and Tariffs on the World Salmon Market.” Applied Economics 57:1967–1978.

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Zhao, X., J.D. Mullen, G.R. Griffith, W.E. Griffiths, and R.R. Piggott. 2000. “An Equilibrium Displacement Model of the Australian Beef Industry.” Economic Research Report 4, NSW Agriculture, Orange, Australia. http://purl.umn.edu/28007

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