Markets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants. Although preferences can be explicitly stated through price premiums or characteristic values can be determined via hedonic methods, the problem...

Markets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants. Although preferences can be explicitly stated through price premiums or characteristic values can be determined via hedonic methods, the problem...

The main question posed in the paper asks why do some cooperative arrangements in agricultural markets survive and succeed and others fail? We define success and factors affecting success of cooperation using transaction costs theory and game theory. Transaction costs theory provides insights on...

The last 10 years have seen tremendous expansion in biofuels production, particularly in corn ethanol in the United States, at the same time that commodity prices (e.g., corn) have experienced significant spikes. While supporters claim that biofuels are renewable and carbon-friendly, concerns...

Motivated by repeated price spikes and crashes over the last decade, we investigate whether the intensive investment activities of commodity index traders (CITs) have destabilized agricultural futures markets. Using a stochastic volatility model, we treat conditional volatility as an unobserved...

The European Commission baseline is elaborated with AGLINK-COSIMO model. In order to make consistent policy analysis, the other two models of the iMap platform are calibrated to this baseline. The report describes how this calibration is done.