This article analyzes the impact of removing the U.S. tobacco program in both a partial and general welfare economics framework. In a partial-equilibrium framework, a consumer taxfunded quota buyout can result in producer gains, consumer losses, net losses resulting from higher prices, and...

Using annual Japanese fresh fruit import data from 1971 to 1997, this study analyzes the import patterns of Japan's seven most popular fresh fruits by implementing and testing a general differential dmand system that nests four alternative import demand specifications. When tested against the...

The impact of the U.S. cotton policy depends on several interrelated factors; how input subsidies interact with producer price supports, producer price expectations, and the extent to which price supports are decoupled from production. Cotton subsidies have a direct impact on world cotton...