In this analysis, trade in wheat, corn, and other coarse grain markets is modeled as a dynamic game where policy interactions across markets are allowed. The world is decomposed into eight regions, six of which are active players in the game. Results indicate that, when across commodity market...

Models of optimal intervention in commodity markets often presume the existence of a policymaker who explicitly maximizes a social welfare function consisting of the weighted sum of welfare of different groups. This study identifies conditions regarding the weights attached to the groups of...