| Description |
1 online resource (8 pages) : illustrations |
| Series |
International business online (text) |
| Summary |
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. This case uses a simple demand-and-supply framework, using real-world data, to assess the economic and political consequences of the U.S. sugar program. The case provides students with a vivid, fact-based illustration of welfare concepts such as consumer surplus, producer surplus, and dead-weight loss in a concrete, real-world market context |
| Notes |
Title from resource description page (viewed July 24, 2014) |
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HBS number: KEL001 |
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Case number: 5-204-255 |
| Bibliography |
Includes bibliographical references (page 8) |
| Notes |
This edition in English |
| Subject |
Sugarcane industry -- Government policy -- United States -- Case studies
|
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Sugarcane industry -- Government policy.
|
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United States.
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| Genre/Form |
Case studies.
|
| Form |
Electronic book
|
| Author |
Baliga, Sandeep.
|
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Kellogg School of Management.
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