, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple …

substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses …

liberalization could move the world some way toward those desirable outcomes, but more so the more developing countries themselves …

percent). Since the impact of convergence on the supply side is much more muted, convergence puts upward pressure on world … food prices, partially offsetting a baseline trend toward falling world food prices to 2050 …

as a result affect world prices for the specific products concerned. Market failures and market structures (market power …

For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world … prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world … classifying themselves at the World Trade Organization as developing account for only 3 percent of world rice consumption. But it …