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The use of officially supported export credit programs for agricultural products has been a widely debated issue at the World Trade Organization (WTO) negotiations in recent years. The European Union (EU) has agreed to reduce their direct export subsidies if the United States reduces its export...
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Using Kansas Farm data from 1973 to 1998, curvature restrictions are imposed on a translog cost function. Using uninformative priors with indicator functions representing distribution and inequality constraints, a Markov Chain Monte Carlo Simulation method is used to estimate parameters and...
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