Replaced with revised version of paper 02/15/11.

Effects of devaluation are examined for a one-commodity, tworegion case. A percentage change in price of the ()commodity will not exceed a percentage change in the quantity traded of the commodity. A change in quantity traded could be large, even under the assumption that underlying supply and...

This article explores the supposition that international price margins in the U.S. Pacific Northwest-Japan softwood trade are influenced by nontariff trade barriers and inelastic supplies of international transportation services. Furthermore, it pursues the hypothesis that a regime separation...

Abstract Currently Unavailable.

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