The United States is a large net exporter of corn seeds. Seed trade, including corn, has been expanding but its determinants are not well understood. This paper econometrically investigates the determinants of world demand for U.S. corn seeds with a detailed analysis of trade costs impeding...

We employ an open economy general equilibrium model to investigate the effects of government energy policy, with emphasis on corn-based ethanol, on the U.S. economy. The model specification incorporates world and domestic markets, assumes pollution costs from fuel consumption, and allows...

We study firm reputation as a mechanism to assure product quality in perfectly competitive marketsin a context in which both certification and trademarks are available. Shapiro’s (1983) model ofreputation is extended to reflect both collective and firm-specific reputations, and this framework...