Low international wheat prices, caused by tariffs and subsidies in developed countries, have been blamed for causing financial difficulty to South African farmers. While indignation at unfair trade practices may be valid, it does not necessarily follow that protection of the local industry is...

Economic theory posits that the removal of impediments to trade should redound to improvement in the overall well-being of all nations. Unfortunately, for many developing countries, this has not been the case; upon significantly reducing their tariffs, they are yet to see any tangible benefits....

Several Caribbean sugar producing countries are actively looking for viable alternatives to recover some of the expected lost revenues due to the WTO (World Trade Organization) ruling that sugar subsidies in the European Union (EU) are illegal. One alternative worth considering is exporting...

RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceitede oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva acabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001) de...

We employed a cross-nested logit (CNL) model that permits a rich pattern of substitution among alternatives within a closed form choice model. The specification we employed is ideal for applications with many choice alternatives, such as the 431 fishing sites in this application. The CNL model...

The price transmission between markets is often interpreted as providing insights into the market’s infrastructure efficiency and transaction costs. Thus, finding a possible explanation for the degree of integration has become an issue of special interest. Recent researchers have pointed out...

Statistical estimation of the demand function for most industrial, and many agricultural, products is inhibited by price fixing or price stabilizing arrangements which prevent observation of the full range of possible price-quantity combinations. In the period 1956 to 1961 the London butter...

Estimates of price and scale demand elasticities for lamb and mutton consumed in the United States are derived. The U.S. lamb and mutton consumption comprises primarily of domestic production, and imports from two countries-Australia and New Zealand. The Netherlands Central Bureau of Statistics...

The potentially adverse effects of pesticides in wide use are causing concern to grow in the agricultural community. Minimizing the risks to human health and the environment created by agricultural pesticides has become a very important issue. The United States Environmental Protection Agency...

What are the important determinants of consumer demand and how have they been changing over the last decade? Understanding these factors is crucial for evaluating the benefits and costs of government regulations, such as labeling, intended to influence consumer food choice and, ultimately,...