For decades (most recently in 2008), Congress has set American farm policy by passing a series of acts, known commonly as the “farm bill,” every five years or so. The scope of the farm bill has expanded over time, to the point where farm subsidies, as typically understood, now make up a...

Despite the impressive success of trade liberalization, domestic industries continue to find ways to use the power of government to protect themselves from foreign competition. The practice of using domestic environmental or consumer safety regulation as a way to disguise protectionist policy...

The Export-Import Bank of the United States picks winners in the U.S. economy, redistributing resources from the productive sector to its chosen clients. While it has been self-financing for a number of years, taxpayers remain exposed to tens of billions of dollars of loans and guarantees. The...

Using a simple model of the world canola market, this paper explores the consequences of the introduction of GM canola on prices, production and consumer welfare. In particular, the model contains heterogeneous consumers who differentiate between GM and non-GM canola, but who can be captured by...

This paper is published in full in European Review of Agricultural Economics Vol 28(4) (2001) pp.479-498 http://erae.oupjournals.org/content/vol28/issue4/