In this article, we consider the impact of European Union (EU) export subsidy reductions on the U.S. dairy trade. We assume reductions of 36% similar to the 1995 World Trade Organization agreement. The price substitutability between U.S. and EU dairy products is estimated using a Rotterdam-type...

The objective of this article is to estimate the derived demand for imported cheese products into Japan when cheese import data are disaggregated by specific cheese group and by source country of production. We provide empirical measures of the sensitivity of demand to changes in total imports,...

The study identifies the long-run equilibrium (steady-state) relationship of the demand for imported meat in Switzerland and the speed of adjustment of the short-run demand using the Error Correction Linear Approximate Almost Ideal Demand System (EC-LA|AIDS). Results indicate that imports of...

Government regulations and consumer concern about pesticide residues in food may increase the costs of production and marketing for producers and processors associated with food safety risks. Vertical coordination is an economic response for mitigating the costs associated with uncertain...

Law of One Price (LOP) is important in the theory of international trade. It is important in LOP studies to have data that accurately represents homogeneous products (i.e., the product in one country has the same product characteristics as the product in another country). We present a...