Study
| EST. READ TIME 1 MIN.The Egg Marketing Board: A Case Study of Monopoly and its Social Costs
Originally put in place to remove boom and bust cycles from the markets for agricultural products, and to ensure producers a fair return, marketing boards have become a highly politicized conduit for the transfer of income from consumers to producers. The extent to which marketing boards transfer income depends on their ability to maintain the price for the product at a higher level than would prevail in a free market. In this study, Professor Thomas Borcherding has applied this principle to estimate the extent to which the British Columbia Egg Marketing Board transfers income from consumers to producers.
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Thomas Borcherding
Thomas E. Borcherding received his B.A. (High Honours) from the University of Cincinnati in 1961 and his Ph. D. fromDuke University in 1966. He is now Professor of Economics at Simon Fraser University in Burnaby, British Columbia, and has just returned from sabbatical leave at the Hoover Institution, Stanford University. He has also served on the faculty of the University of Washington, Virginia Polytechnic Institute and State University, and the University of Toronto. He has, in the past, been a post-doctoral fellow at University of Virginia's Thomas Jefferson Center for Study in Political Economy and in 1974-75 at the Hoover Institution. Professor Borcherding has been a member of the Board of Editors for the Canadian Journal of Economics and has published in that and many other leading journals. He now serves as co-editor of Economic Inquiry, the journal of the Western Economic Association. He edited and contributed several essays to Budgets and Bureaucrats: The Sources of Government Growth (Durham, North Carolina: Duke University Press, 1977). At present his research is devoted to the questions of public spending growth, bureaucracy, spending and taxation limits, the economics of public enterprise, compensation for public takings of private property, and various issues in the theory of markets, externalities, and collective goods.… Read more -
Gary Dorosh
Gary W. Dorosh received his B.A. from Simon Fraser University in 1973 and his M.A. in 1975. Since 1974 hehas taught economics and quantitative methods at Douglas College in New Westminster, British Columbia. He is co-author with Peter Kennedy of Dateline Canada: Understanding Economics through Press Reports (Scarborough, Ontario: Prentice-Hall of Canada Ltd., 1978). He began the study of egg marketing boards in British Columbia with The British Columbia Egg Marketing Board: A Critical Evaluation (extended essay for the M.A. degree, Department of Economics and Commerce, Simon Fraser University, August 1975).… Read more