This paper is concerned with the impact of food scares, principally the BSE crisis in the UK, and focuses on price transmission in vertically related markets. We show that if market power has an effect on the farm--retail margin, this determines the specification of the cointegrating...

In this paper, the issue of regulation of and trade in genetically modified organisms (GMOs) is examined. It is shown that, despite rapid adoption of GMOs by a few exporters, many importers have developed relatively restrictive procedures for premarket approval of GMOs, and are requiring...

Cross-border acquisitions constitute the main form of foreign direct investment in the world economy, the focus of this paper being to consider the determinants of the location and growth of cross-border acquisitions in the global food sector. The data relates to over 2,000 international...

It has been proposed that state trading enterprises should be on the agenda of the continuing WTO negotiations, on the premise that state trading enterprises can hinder market access in importing countries and can affect export competition. The aim of this paper is two-fold. First we highlight...

In this paper it is argued that imperfect competition should be given more attention by agricultural economists as the characteristics of food markets in Europe (and elsewhere) suggest that these markets are more typically oligopolistic. Particularly important in this regard is the growing...

The persistence of oligopoly in the agricultural input supply sector suggests that farmers' economic welfare is reduced since the price of agricultural inputs will be in excess of marginal cost. This paper focuses on the U.K. fertilizer and tractor industries and measures the welfare impact on...