Carbon offset markets have been suggested as a cost effective means of reducing GHG emissions. This paper develops a model of heterogeneous emitters and producers to examine the consequences of non-compliance on the performance of the carbon-offset market. The analysis begins with the derivation...

A common occurrence in many countries is that policy outcomes differ from the official objectives of the policy directives. A good example can be found in China. In 1994, the fertilizer market in China underwent a significant change. In response to strong complaints from farmers in a number of...

Since 2001 several of the largest agricultural co-operatives in Western Canada and the United States have battled impending bankruptcy or ceased operations. In February 2001 Dairyworld Foods was bought out by Montreal dairy processor and cheese producer Saputo Inc. (Saputo; Toronto Stock...

This paper presents two models in explaining time allocation to micro credit (MC) by households in North America. The single-period model explains the optimal allocation of time to a microenterprise in any given period, conditional on the household having self-selected into the MC program. A...

The study examines the incentives and incidence of private R&D investment in the today's biotech industry. A three-stage search/imperfect competition model is developed to derive the optimal pricing and investment decisions of private firms and to develop conjectures about how these decisions...

This paper develops an empirical framework for estimating a number of inter-firm and downstream research spillovers in the canola crop research industry. The spillovers include basic research, human capital/ knowledge (as measured through other-firm expenditures), and genetics (as measured...

Substantial changes have taken place recently in the regulation of agricultural trade in North America. The effect of these changes on trade in agricultural commodities is of particular interest to producers and policymakers in the Northern Plains and Rockies region. In this paper, we discuss...

The United States and Canada share the longest common border and largest bilateral trading relationship in the world. Recent trading agreements--CUSTA, NAFTA and WTO--have enhanced trade by encouraging elimination of many remaining trade barriers. However, one cause for concern about the...

This paper was presented at the INTERNATIONAL TRADE IN LIVESTOCK PRODUCTS SYMPOSIUM in Auckland, New Zealand, January 18-19, 2001. The Symposium was sponsored by: the International Agricultural Trade Research Consortium, the Venture Trust, Massey University, New Zealand, and the Centre for...

This study examines the optimal approval strategy for genetically modified (GM) wheat varieties in Canada and the United States. Without an affordable segregation system, the introduction of GM wheat will create a market for "lemons" that will result in the loss of important export markets....