We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is …

This paper investigates whether the elasticity of demand systematically changes from one importer country to another in … an international trade context. Evidence from U.S. exports supports this view by suggesting that the elasticity of demand … to the U.S. of the importer country. In terms of policy implications, using a common elasticity measure would …