This article demonstrates that when a second product is introduced into the traditional single-product, partial equilibrium model, the predictions of the impact of a tariff on prices are no longer determinate In contrast to the traditional single-product partial equilibrium framework in a...

Policy intervention in the biofuel market has led to a significant increase in biofuel production and use in the past several years. However, the welfare effect of biofuelpolicies, specifically the ethanol tax credit for corn ethanol, ethanol import tariff andrenewable fuel standard (RFS)...

[Outline of Presentation:] Growth in World Food Consumption. Agricultural Production Prospects. Implications for Future Agricultural Trade. The Role of Public Policies. Trade Liberalization. Research and Communications Needs.

Special circumstances in the agricultural sector have limited the use of comparative advantage in addressing the planner's dilemma of allocating investment between industry and agriculture and in examining the doctrine of food selfsufficiency. A three-factor model of agricultural trade,...