The objective of this article is to measure the market power of U.S. grain exporters in the Asian countries. This study revisits the issue of the market power with the Goldberg and Knetter (1999) model, addressing an issue about using nominal exchange rate as a cost shifter. This study proposes...

This paper explores the dynamic relationships between European Union (EU) wheat export restitution awards and price movements in the world wheat market from November 20, 1986 through April 24, 1998. This study pairs the results of weekly EU open market tenders and corresponding foreign wheat...

This study examines the ability of the Canadian Wheat Board (CWB) to price discriminate in bread wheat exports. The conceptual model isolates the bases of price discrimination and demonstrates that the CWB's ability to exploit cost differences in pricing depends on the extent of the...

The EU is the third largest regional export market for US agricultural products, with over $6 billion in annual sales. In principle, EU environmental policies designed to control domestic externalities could alter US agricultural exports to the EU. This paper develops a range of theoretically...

In this paper, we make an attempt to rationalize the strategic behavior of major peanut exporting and importing countries in the framework of imperfectly competitive markets with the focus on the global and inter-American peanut trade. This study is motivated by the fact that liberalizing...

A frequently encountered problem in import demand estimation is how to account for competition between imports and domestic production. Traditionally, use of the Armington model has been a way to handle this problem. This is a disaggregate model which distinguishes commodities by country of...

The paper develops and uses a two step quantitative model to analyze the effect of Foot and Mouth Disease (FMD) on international beef markets over time. Using monthly data from 1990-2002 for 7 major beef exporters and for 22 major beef importers, we use a probit equation to estimate the...

This paper evaluates the impact of coffee sector reforms during late 1980s and early 1990s on coffee growers in the main coffee producing countries. Earlier evidence suggests that the reforms increased the share of producer prices in the world price of coffee. This hypothesis is tested in the...

This paper surveys hundreds of published social-science studies of private, hard-core cartels that contain 699 observations of long-run overcharges. The primary finding is that the median cartel overcharge for all types of cartels over all time periods is 25%: 19% for domestic cartels, 32% for...

The EU banana market has been of enormous interest for researchers for a long time, especially after the import policy unification brought by the Common Market Organization for Bananas (CMOB) in 1993. Empirical evidence suggests that the CMOB and its subsequent modifications have been highly...