This paper uses an application of the Bertrand model to explain the relationship between HFCS deliveries and the prices of HFCS-42 and sugar. It finds that the HFCS deliveries and the prices of HFCS-42 and refined sugar are cointegrated over the period 1994:q1-2020:q1. The main results, based on...

This paper uses a Bertrand duopoly model application and derives a high fructose corn syrup (HFCS) price reaction function that shows the response of the price of HFCS to changes in the price of sugar. It conducts cointegration analysis and assesses the performance of the HFCS price reaction...

This paper investigates the relationship between U.S. HFCS demand and refined sugar price. A cointegration analysis is utilized to investigate possible linkages between these markets. The coefficients on the ECM have the expected signs, and they measure adjustments towards long-run equilibrium....

The U.S. export share in the world peanut market has decreased due to heavy competition. In this paper, the Latin American peanut industry is modeled using seemingly unrelated regression (SUR). Based on these estimations, a scenario analysis was conducted. The results show that the Latin...

The Latin American peanut industry is estimated using SUR. In scenarios, their demand is not affected dramatically by both price changes. The price changes affect the Latin American supply by roughly 15% and net trade by approximately 50%, compared to less than 10% in world price shock.

As a result of the Uruguay Round (UR), the impact on the international rice market is dramatic.The major U.S. benefit of the UR has been the access to the Japanese market. However, the U.S. share of this import market has been unstable and the share of Korean rice market is nearly zero prior to...

This paper uses a Bertrand duopoly model application and derives a high fructose corn syrup (HFCS) price reaction function that shows the response of the price of HFCS to changes in the price of sugar. It conducts cointegration analysis and assesses the performance of the HFCS price reaction...

This paper uses an application of the Bertrand model to explain the relationship between HFCS deliveries and the prices of HFCS-42 and sugar. It finds that the HFCS deliveries and the prices of HFCS-42 and refined sugar are cointegrated over the period 1994:q1-2020:q1. The main results, based on...