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We analyze a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. We show that export tariffs are...
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price of 15 US-$ suffi ces to bring the EU on track for its Kyoto target but also leads to emission relocations of about 10 …
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propose a novel representation of the model which guides us in bringing the theory to the data. We estimate a discrete choice …
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