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View article: Biogas Production Potential from Economically Usable Green Waste
Biogas Production Potential from Economically Usable Green Waste Open
Biomass production for energy purposes on agricultural land competes with food production. This is a serious problem, considering the limited availability of farmland, rising demand for varied food products, demand for more organic crop pr…
View article: How Much Do Consumers Benefit from New Brand Introductions? The Case of Potato Chips
How Much Do Consumers Benefit from New Brand Introductions? The Case of Potato Chips Open
This study identifies consumer welfare from new brand introductions in the potato chip market. Price and variety effects of new brand introduction are measured by estimating a demand system underlying an expenditure function. Variety effec…
View article: Geographical Indications and the Competitive Provision of Quality in Agricultural Markets
Geographical Indications and the Competitive Provision of Quality in Agricultural Markets Open
The economics of geographical indications (GIs) is assessed within a vertical product differentiation framework that is consistent with the competitive structure of the agricultural sector with free entry/exit. It is assumed that certifica…
View article: Market and Welfare Effects of Mandatory Country-of-Origin Labeling in the US Specialty Crops Sector
Market and Welfare Effects of Mandatory Country-of-Origin Labeling in the US Specialty Crops Sector Open
This study provides a new framework of analysis of the market and welfare effects of mandatory country of origin labeling (MCOOL) for fruits and vegetables that accounts for heterogeneous consumer preferences for domestic products, differe…
View article: Labeling Policies in Food Markets: Private Incentives, Public Intervention, and Welfare Effects
Labeling Policies in Food Markets: Private Incentives, Public Intervention, and Welfare Effects Open
This study considers the welfare impact of labeling policies of agricultural commodities with specific characteristics. Using a model of vertical differentiation, the effects on equilibrium and welfare levels are calculated. The introducti…
View article: Product Differentiation and Asymmetric Information in Agricultural and Food Market: Defining the Role for Government: Discussion
Product Differentiation and Asymmetric Information in Agricultural and Food Market: Defining the Role for Government: Discussion Open
This timely session addresses the very important issue of the role of governments in establishing standards and labeling requirements in the changing environment of the agricultural sector. With product differentiation becoming a central f…
View article: Regionalism in the Western Hemisphere and Its Impact on U.S. Agricultural Exports: A Gravity-Model Analysis
Regionalism in the Western Hemisphere and Its Impact on U.S. Agricultural Exports: A Gravity-Model Analysis Open
The last fifteen years of the twentieth century were marked by important achievements in the area of agricultural trade liberalization in the Western Hemisphere. In North America, Canada, Mexico, and the United States forged the North Amer…
View article: DOES INDUSTRIAL CONCENTRATION RAISE PRODUCTIVITY IN FOOD INDUSTRIES?
DOES INDUSTRIAL CONCENTRATION RAISE PRODUCTIVITY IN FOOD INDUSTRIES? Open
This manuscript investigates the productivity-industrial concentration relationship in U.S. food industries. We identify a critical level of industrial concentration beyond which its relationship with productivity growth becomes negative. …
View article: EXPORT SUBSIDIES AND PROFIT-SHIFTING IN VERTICAL MARKETS
EXPORT SUBSIDIES AND PROFIT-SHIFTING IN VERTICAL MARKETS Open
This study examines the interaction between export subsidies and profit-shifting in a vertical production system consisting of agricultural commodity production, and intermediate and final good processing, where the latter two stages may b…
View article: Determinants of Use of Government Export Promotion Programs by Agribusiness Firms
Determinants of Use of Government Export Promotion Programs by Agribusiness Firms Open
The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) has been criticized because it appears to favor allocation of Market Promotion Program (MPP) funds to large firms. Because of competition for markets, the USDA h…
View article: THE ECONOMICS OF FOREIGN DIRECT INVESTMENT AND TRADE WITH AN APPLICATION TO THE U.S. FOOD PROCESSING INDUSTRY
THE ECONOMICS OF FOREIGN DIRECT INVESTMENT AND TRADE WITH AN APPLICATION TO THE U.S. FOOD PROCESSING INDUSTRY Open
This paper investigates the determinants of foreign direct investment (FDI) and its relationship to trade in the U.S. food processing industry. A representative multinational corporation maximizes profits by choosing between production in …
View article: Currency Quandary: The Choice of Invoicing Currency Under Exchange Rate Uncertainty
Currency Quandary: The Choice of Invoicing Currency Under Exchange Rate Uncertainty Open
Recent studies have derived optimal invoicing strategies for an exporting firm when exchange rates are uncertain. However, these studies fail to explain trade transacted in a third currency (vehicle currency). In this study, we extend exis…
EVALUATION OF EXPORT PROMOTION PROGRAMS ON TRADE OF HIGH-VALUED AND PROCESSED FOOD PRODUCTS: IMPLICATIONS FOR NORTH CAROLINA AGRIBUSINESS Open
International Relations/Trade
INTERNATIONAL COMMERCE IN PROCESSED FOODS: PATTERNS AND CURIOSITIES Open
International Relations/Trade
View article: TESTING DYNAMIC SPECIFICATIONS FOR IMPORT DEMAND MODELS: THE CASE OF COTTON
TESTING DYNAMIC SPECIFICATIONS FOR IMPORT DEMAND MODELS: THE CASE OF COTTON Open
Error correction models impose few prior restrictions on dynamic model specification and allow the data to determine model structure. Despite this obvious advantage, few applications have adopted the error correction model to explain trade…
View article: The Structure of International Demand for Soybean Products
The Structure of International Demand for Soybean Products Open
This study used a new body of quarterly data to estimate multilateral import demand relations for soybeans and soymeal. The countries of origin were the United States, Brazil, and Argentina. The areas of destination were the EEC, Japan, an…
View article: The Competitive Structure of U.S. Agricultural Exports
The Competitive Structure of U.S. Agricultural Exports Open
The competitive structure of U.S. agricultural exports is examined using a model of exporter behavior based on pricing decisions across destination markets. Market power is revealed in the adjustment patterns of export prices in response t…
Book Review: Imperfect Competition and Political Economy: The New Trade Theory in Agricultural Trade Research Open
Political Economy
View article: Whither Armington Trade Models?
Whither Armington Trade Models? Open
The Armington trade model distinguishes commodities by country of origin, and import demand is determined in a separable two‐step procedure. This framework has been applied to numerous international agricultural markets with the objective …
View article: EXPORT SUPPLY AND IMPORT DEMAND ELASTICITIES IN THE JAPANESE TEXTILE INDUSTRY: A PRODUCTION THEORY APPROACH
EXPORT SUPPLY AND IMPORT DEMAND ELASTICITIES IN THE JAPANESE TEXTILE INDUSTRY: A PRODUCTION THEORY APPROACH Open
Agricultural goods are often treated as final goods in applied agricultural trade models. However, many agricultural traded goods are intermediate in nature. In this paper a production theory approach is applied in deriving export supply a…
ARMINGTON RESTRICTIONS AND AGRICULTURAL IMPORT DEMAND MODELS Open
Agricultural and Food Policy
View article: Two-Stage Agricultural Import Demand Models Theory and Applications
Two-Stage Agricultural Import Demand Models Theory and Applications Open
The Armington trade model distinguishes commodities by country of origin and import demand is determined in a separable two-step procedure. The Armington framework has been applied to numerous international agricultural markets with the ob…
A graphic look at key economic figures: Exchange Rates and Agricultural Trade Open
Agricultural Finance
UNDERGRADUATE CURRICULUM IN AGRICULTURAL ECONOMICS AND AGRICULTURAL BUSINESS: PAST, PRESENT, AND FUTURE DEVELOPMENTS Open
Agribusiness
MACROECONOMICS AND AGRICULTURE: REVIEW OF THE LITERATURE Open
Agricultural and Food Policy
Do Macroeconomic Variables Affect the Agricultural Trade Sector? An Elasticities Analysis Open
International Relations/Trade