Bosnia Herzegovina (BH) is in the process of joining the World Trade Organization in the near future and the European Union in the medium term. As a net agriculture and food importer, accession will require BH to expose some of its inefficient and sensitive agricultural industries, such as meat...

We argue in this paper that available econometric estimates of farmers’ risk aversion do notmeasure true farmers’ preferences towards risky outcomes. Available analyses are mostly ofstatic nature and indeed measure the parameters of the synthetic optimal value function ratherthan the deep...

Recently gravity trade models are applied to disaggregated trade data. Here manyzeros are characteristic. In the presence of excess zeros usual Poisson Pseudo MaximumLikelihood (PPML) is still consistent, the variance covariance matrix howeveris invalid. Correct economic interpretation however...

This paper identifies and analyzes the changes that have occurred in terms of territorial and commodity structure of agrarian trade (exports) of countries of the Visegrad Group (or V4 -i.e. Czech Republic, Poland, Hungary and Slovakia) in the period 1993-2008. In terms of methodological...

Based on their theoretical predictions, Kliauga, de Gorter, and Just (2008) and de Gorter,Drabik, and Just (2010) argue that the United States and the European Union establish the worldethanol and biodiesel prices, respectively. We test these theories using cointegration analysisand the Vector...

The importation of fresh Hass avocados from Mexico into the United States has been restricted, totally or partially, since 1914 on grounds of the potential risk of pest infestation. This quarantine has been a cause of dispute between the Mexican and U.S. governments. In 1997, Hass avocados from...

Exchange rate effects on prices in Canada and the United States are evaluated for five traded farm outputs (wheat, soybeans, corn, feeder steers, and slaughter steers) and four traded non-farm-produced inputs (fertilizer, pesticides, petroleum, and farm machinery). Unit root tests suggest the...

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...