International pork trade has not only been influenced by trade agreements but also altered by consumer perceptions on disease-infected animals. This study uses a gravity model with fixed-effects to investigate how pork trade is affected by foot-and-mouth disease among 186 countries. Results...

This study examines the pricing-to-market behavior of U.S. meat exporters across destination markets and investigates the sensitivity of U.S. export prices in response to exogenous exchange rate changes. The objective is to see whether price discrimination is present or meat export markets have...

A residual-demand model for beef exporters to Japan is specified to estimate market power. The analysis is disaggregated by beef cut and form. The results indicate U.S. frozen-ribs category enjoys the highest markup of price over marginal cost, while Australia and New Zealand have some market...

Replaced with revised version of paper 02/13/07.

Our previous research found that FMD Outbreaks in foreign countries have a significant positive influence on U.S. swine meat exports. However, not all of these FMD-affected countries adopted the same treatment policy to ease domestic FMD issues. This study proposes a gravity model with...

This article's focus is on the time adjustment paths of the exchange rate and prices in response to unanticipated monetary shocks. First, we expand the theoretical specification of the overshooting hypothesis by generalizing Dornbusch's model to include a third sector (i.e., agricultural...

Persian rugs are woven in different parts of the Islamic Republic of Iran. However, the rugs woven in Eastern Azerbaijan, Esfahan, and Qum have a worldwide reputation. A poliy Analysis Matrix (PAM) is used to study the rug industry in these provinces. Our analysis is concentrated on the...

In this study, we evaluate the effects of the recent Federal Reserve’s purchases of long-term assets on prices of agricultural commodities. The first large-scale asset purchases began at the end of 2008, after the Great Recession, and the second purchases began in November of 2010. The...