Makki, Shiva S.; Tweeten, Luther G.; Miranda, Mario J. - In: American Journal of Agricultural Economics 78 (1996) 4, pp. 879-890
Domestic and international linkages in speculative stockholdings and trade of wheat are analyzed using a dynamic rational expectations model of the world wheat market dominated by the U.S. and the EU. The results demonstrate the importance of endogenizing both storage and trade in studying...