Beef is a heterogenous commodity, which makes it difficult to compare beef prices on an international level. This article evaluates several methods of comparing beef prices for use in measuring both comparative advantage and the rate of protection. The most suitable method is one that compares...

This paper examines the incentive of atomistic agricultural producers within a specific geographical region to differentiate and collectively market products. We develop a model that allows us to analyze the market and welfare effects of the main types of real-world producer organizations, using...

A framework is developed for examining the price and welfare effects of the introduction of genetically modified (GM) crops. In the short run, non-GM grain generally becomes another niche product. However, more profound market effects are observed under some reasonable parameterizations. In the...