The objective of this study is to measure economic payoffs from a grain cartel. Two basic approaches to extract economic rents are considered: (i) Mandatory supply controls to restrict production and raise grain price, and (2) export price discrimination using export taxes or subsidies. The...

The objective of this study was to determine the economic impact on the United States of removing tariff barriers on imports of concentrated orange juice and tomato paste from South America. The study highlighted an agglomeration model of industry location recognizing imperfect competition and...

This study assesses storage and trade of wheat in an integrated global economy. Domestic and international linkages are analyzed using a dynamic rational expectations model of the world wheat market. The results of this study demonstrate the importance of endogenizing both storage and trade in...

The pace of political-economic change in former East Bloc nations of Europe defies accurate prediction. Some events such as more price-directed markets are predictable enough but integration of former East Bloc countries into the European Community remains a matter of speculation. Analysis...

The objective of this paper is to analyze the economic implications for American food producers, consumers, and society of alternative Pacific Rim free trade region (FIR) configurations.