American Journal of Agricultural Economics · 1977 · 59 citations · 7 references
AgricultureAgricultural EconomicsEconomicsAgricultural TradeInternational EconomicsInternational TradeAgricultural Commodity MarketsAgricultural Commodity PricingAgricultural MarketsAgricultural Price AnalysisFood Trade EconomicsInternational Commodity TradeAgricultural Trade EffectsAgricultural Trade TheoryCrop Price DynamicsInternational Trade RestrictionsPrice LiberalizationPrice Stabilization EffectsTrade Restriction AnalysisWorld Trade Organization Agriculture
Abstract A thirteen‐region quadratic programming model of world wheat trade is utilized to simulate the effects of unanticipated quantity changes on prices in the world wheat market under different degrees of trade restriction. Three scenarios characterized by different numbers of regions that permit price signals from international markets to be reflected into their domestic markets are specified. As the number of countries whose wheat trade is price responsive increases in the simulations, the percentage change in world price is smaller in response to a shock such as u.s. export controls or an unanticipated change in Soviet imports.
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Spatial and temporal price allocation models
Max Beckmann · Journal of International Economics · 1973 · 164 citations
A Duopoly Model of World Wheat Pricing
Alex F. McCalla · Journal of Farm Economics · 1966 · 114 citations