This paper extends the partial equilibrium model presented in Riker (2021) by introducing multiple worker types. Firms operate under monopolistic competition and employ multiple worker types as imperfect substitutes in the production of their product variety. Workers belong to a broader labor...

U.S. soybean farmers have faced multiple headwinds since 2018, given slowing global demand, rising stock levels, and lower prices for their commodity. As exports to their largest market, China, dropped by 75% (y/y) in 2018 amidst rising trade tensions, U.S. soy farmers have sought new ways to...