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This paper analyzes the role of the initial payment used by the Canadian Wheat Board (CWB) in the determination of export prices and sales under the assumption that the CWB has better information about realized yields in Canada than its US competitor. In the separating equilibrium of the game,...
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A two-stage gravity-based model is used to explain cattle and beef bilateral trade flows between 42 countries. The model parameters are estimated using a double-hurdle model with a multivariate sample selection procedure. The parameter estimates are used to simulate probabilities of new trade...
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This study uses a random parameter probit estimation to examine the effects of tariff liberalization on the probability of establishing new trading relationships in meat commodities. Our simulation results indicate that the effects of tariff reductions decrease with distance, but increase with...
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