Gotz, Linde; Qiu, Feng; Gervais, Jean-Philippe; … - International Agricultural Trade Research Consortium - IATRC - 2012
insulating effects of export restrictions. The theory of a Walrasian equilibrium and the spatial price equilibrium theory suggest … that export restrictions lead to multiple spatial equilibria between the domestic and the world market price. Our analysis … application to the wheat export quota in Ukraine shows that the domestic wheat price was stabilized about 30% below the …