A significant question in agricultural economic research is understanding how economic shocks affect the different links of a productive chain, since the gains and losses induced by them might spread in a non-uniform way among the different actors. In the face of a scenario that advocates a...

This study assesses the impact of increased fertilizer prices under different scenarios on rice production, consumption, trade and prices. Using a global rice model based on a partial equilibrium framework, the simulation results show that a 30% to 100% increase in fertilizer prices would reduce...

The objective of the article is to construct a mathematical model of partial equilibrium in competitive markets with heterogeneous economic agents. On one hand, consumers with Cobb - Douglas preferences, perfect substitute goods, quasilinear and Stone - Geary preferences are considered, in...

A significant question in agricultural economic research is understanding how economic shocks affect the different links of a productive chain, since the gains and losses induced by them might spread in a non-uniform way among the different actors. In the face of a scenario that advocates a...

The objective of the article is to construct a mathematical model of partial equilibrium in competitive markets with heterogeneous economic agents. On one hand, consumers with Cobb - Douglas preferences, perfect substitute goods, quasilinear and Stone - Geary preferences are considered, in...

This work is divided into two complementary parts. In the first part, we develop a partial equilibrium model, through which it is possible to analyze the influence of tariff modicity and the illegal occupation of poles on four agents: energy distributors, telecommunications operators, and energy...

This work is divided into two complementary parts. In the first part, we develop a partial equilibrium model, through which it is possible to analyze the influence of tariff modicity and the illegal occupation of poles on four agents: energy distributors, telecommunications operators, and energy...

We analyze a multi-period model of capital gains taxation with endogenous prices. Relative to an economy without taxation, a capital gains tax tends to lower prices and increase returns. Abstracting from tax redistribution policies, we find that a taxable investor's welfare falls, a nontaxable...

Improving the efficiency of the forestry sector will have an important impact on our possibility to attain long-term sustainability and mitigate climate change. In this study, attainable, and sustainable, efficiency improvements in the harvesting of forest products are analysed using data...

Wild pigs are spreading across the United States leaving potentially devastating crop losses in their wake. The majority of US corn, soybean, and wheat (approximately 85, 79, and 73%, respectively) and 6% of rice production are at risk in counties that do not currently have wild pigs. This work...

In face of increased efforts to mitigate climate change, biofuels may be included in reduction plans forgreenhouse gas emissions. Feedstock for first generation biofuels and food crops both use arable land andmay compete for it. Also, fuel is an input for the production and transport of food....

Widespread implementation of energy efficiency is a key greenhouse gas emissions mitigation measure, but rebound can “take back” energy savings. However, conceptual foundations lag behind empirical estimates of the size of rebound. We posit that development of solid analytical frameworks for...

In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...

Recently, a number of reforms in the treatment of corporate profits have been proposed in the US, including (1) reducing or eliminating interest rate deductibility, (2) allowing full or partial dividend deductibility (full or partial imputation), and (3) permitting tax payers to credit corporate...

This paper studies the response of agricultural production to rural labor loss during the process of urbanization. Using household microdata from India and exogenous variation in migration induced by urban income shocks interacted with distance to cities, we document sharp declines in crop...

Several Least-Developed Countries (LDCs) will graduate from the LDC status in the coming decade implying that they will lose preferential access to export markets. We quantify the expected impact of LDC graduation on exports of graduating and non-graduating LDCs incorporating detailed preference...

We evaluate the economic and environmental consequences of taxes on imported goods based on their carbon content. The analysis uses the simplest possible partial equilibrium framework, with one small open economy and a global pollution externality. It relies on graphs of supply and demand,...

This study experimentally evaluates the performance of partial equilibrium mechanisms when different sectors run their mechanisms separately, despite the existence of complementarity between them. In our simple laboratory experiment setting that includes two sectors, each sector runs the...

This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is...

We develop a theory of "Partial Equilibrium Thinking" (PET), whereby agents fail to understand the general equilibrium consequences of their actions when inferring information from endogenous outcomes. PET generates a two-way feedback effect between outcomes and beliefs, which can lead to...

This paper develops a dynamic partial equilibrium model of the foreign exchange market extending the standard textbook model in two respects. First, capital account transactions are explicitly incorporated into the model, and secondly, 'rational' speculative behaviour is also introduced. At a...

This paper considers Merton's (1973) model for partial equilibrium bond option pricing when stochastic bond price processes are involved. A log-normal process with a stochastic drift is suggested that allows the price of a pure discount bond to converge to its face value upon maturity. The...