A random utility approach is used to estimate logit equations which indicate what factors affect the likelihood of consumption of non-GM and GM foods, and, whether or not consumers are willing to pay a premium for non-GM/GM foods. Ceteris paribus as the price difference between non-GM and GM...

Using error correction approach and nonlinear three-stage-squares, long-run and short-run effects of aggregate brand advertising on the U.S demand for peanut butter are estimated. Results indicate that demand for peanut butter is more responsive to advertising in the long-run. Moreover, demand...

New competition policy seeks to promote competition and increase market efficiency. In fact, degree of price transmission between farmers and final consumers depends on degree of competition in processing sector. Moreover, trade liberalization policy is expected to influence domestic markets....

In this article, the degree of imperfect competition in the world market for soymeal exports is estimated using a structural econometric model. The procedure consists of estimating a demand function and the industry first-order profit-maximization condition, from which an estimate of the degree...

Reforms in the U.S. peanut program entail a reduction in support price of peanuts. The degree to which price reduction is passed on to final consumers of peanut butter is directly related to the degree of competition in the peanut butter market. To assess the impact of changes in the peanut...

Several studies have estimated the welfare effects of recent changes in the European Union's common policy on banana imports, based upon the assumption that the market is perfectly competitive. However, if the market is imperfectly competitive, predictions about changes in banana policy may be...

Trade Cost form a significant part of moving goods from producer to consumer. These cost are particularly high in developing countries. As a representative country, we look at India’s apple trade. Although tariff on apple imports is high, local distribution cost are much higher. While Tariff...

The gradual elimination of quotas and tariffs from international agricultural trade has given way to non-tariff barriers such as the SPS measures. SPS standards are mostly based solely on agro-biological scientific evidence. However, over-cautiousness in standard setting may lead to trade...

While consumption of food gives material pleasure and a healthy life, contaminated food can be dangerous to health. Therefore, quality of food is very important. Even from the producers point of view, selling high quality food can be viewed as a competitive strategy to overcome competition. With...