The upcoming "Millennium Round" of WTO multilateral trade negotiations will see a number of new WTO members as negotiating partners, and for the first time will involve a sizeable group of countries with "economies in transition," that will bring their own dynamic to the negotiating table. An...

This paper analyzes policies affecting global groundnut-products markets. The new US groundnut policy is now a minor source of distortion in world markets where India and China stand out as the major distorters. We analyze and quantify the effects of groundnut-products trade liberalization on...

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This paper reviews both theoretical and empirical studies of financial transmission rights (FTRs) in the major U.S. wholesale power markets. Although the current literature hold more negative views about FTRs, this paper presents a simple illustrative 2-stage model to study the competitive...

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Inequalities are identified for subadditive (superadditive) functions of supermodular (submodular) functions. A simple adaptation yields inequalities for submultiplicative (supermultiplicative) compositions of log-supermodular (log-submodular) functions. Inequalities are also developed when the...

Information technologies used in production activities facilitate the acquisition of more detailed and more timely information concerning the state of the production environment. While the effects of distribution shifts on decisions under uncertainty have been much studied, less is known about...

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Gorton, S.J., J.B. Kliebenstein, and G.W. Beran. "A Discussion of an Epidemiologic and Economic Consideration in HACCP Evaluation: An Application of Salmonella," in Proceedings of First International Symposium on Ecology of Salmonella in Pork Production, National Animal Disease Center, Ames, IA,...