This report expands on a dynamic model of market integration to investigate how information is transmitted across commodities. The author investigates one property of an efficient market : the full use of available information. Studies of spatial price integration simultaneously looks at the...

This paper uses results from simulations of the FAIRMODEL, USAGMKTS, and MEXAGMKTS models to analyze the effects of changes in U.S. agricultural policy on Mexican agricultural markets. The author concludes that under a scenario of trade liberalization for Mexico, Mexican agricultural production,...

This study explicity considers the possibilities of international trade in evaluating the impact of incentives in agriculture. Specifically, the study estimates three standard coefficients (ratios): (a) the nominal protection coefficient (NPC); (b) the effective protection coefficient (EPC); and...

This paper is the first in a series of studies to provide background data and protection and incentive indicators for 13 major Indian crops, which have been estimated in connection with extensive research on Indian agricultural incentives. The general methodology of the studies is described in...

The genesis of the model MEXAGMKTS was the perception that agricultural policies in Mexico (and many other countries) are often second-best responses to the negative side effects of broad macroeconomic and international trade policies. MEXAGMKTS was designed to allow analysis of the relationship...

Under administered prices through the fall of 1991, Russia's food distribution system broke down, and it was feared that the food supply would be inadequate in the winter of 1992 and thereafter. In January and March 1992, price ceilings were removed on most items sold in state-owned Russian...

The authors examine risk management options for Egyptian cottons, the export prices for which are volatile. They use regression analysis to establish whether Egyptian cotton's prices can be effectively hedged by using existing futures contracts on the New York Cotton Exchange. They find no...