Recent research highlights the role that multinational trading companies may play in impeding price transmission. In markets characterised by imperfect competition, an estimate of the partial elasticity of demand may be of limited practical value if no account is taken of the reaction of...

China is both the world's largest producer and consumer of wheat. In an attempt to gain a larger slice of the important Chinese market, both the European Community and the United States have offered China subsidised wheat. In addition, other exporters have offered attractive credit arrangements...

Oversupply has led to a number of perplexities for the Australian wine industry in recent times. When disaggregated from the industry level, however, the problem can be better described as a range of attribute-specific disequilibria. To date, the solutions to this problem have predominantly...

With the removal of significant government intervention, the changing structure of the Chinese food markets has led to the evolution of different types of markets, and particularly the growth of wholesale markets. This paper analyses food consumption patterns for the largest wholesale food...

The Australian wine industry has been under the pressure of oversupply for many years. Export promotion appears to potentially serve as an effective strategy to partially address this problem. An Hedonic price function is employed to estimate premia and discounts for various varieties, regions...

Oversupply has posed a number of problems for the Australian wine industry in recent times. When disaggregated from the industry level, however, the problem can be better described as a range of attribute-specific disequilibria. To date, solutions to this problem have predominantly revolved...

Concerns about the recent trends away from the consumption of red meat have led to tests for structural change in demand. These tests have typically treated the individual meats as homogeneous commodities. This article uses disaggregated data to test for structural change in the demand for...

The economics of a higher loan rate to support US wheat prices is analysed. Utilising optimal control theory, a dynamic wheat trade model is developed. The basic premise underlying the model is that the United States finds itself having transient monopoly power in the wheat market. An expression...

Literature regarding the pricing efficiency of Australian wholesale vegetable markets is very limited. The objective of this paper is to test whether or not vegetable products traded in these markets are priced efficiently and satisfy the law of one price (LOOP). To that end, the price...