"This paper examines the options for liberalizing tariff-rate quotas when a marketing board controls domestic production and international prices are stochastic. Lowering over-quota tariff and increasing import quota volumes are not equivalent. The trade-offs between the two types of trade...

The Canadian cattle and beef industry incurred severe losses when exports to the United States were halted after the May 2003 discovery of bovine spongiform encephalopathy in a Canadian cow. Although trade in cattle and beef products slowly returned to normal, the potential for upheaval returned...

The Canadian cattle and beef industry incurred severe losses when exports to the United States were halted after the May 2003 discovery of bovine spongiform encephalopathy in a Canadian cow. Although trade in cattle and beef products slowly returned to normal, the potential for upheaval returned...

Since its inception, the gravity model has been the cornerstone of empirical trade analysis. It has been used to estimate the marginal e↵ects of various determinants of trade as well as to test hypothesized relationships, many of which have direct and significant policy implications....

Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

"Rising urban and environmental demand for water has created growing pressure to reallocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

This paper investigates the direction of the prima facie causal relationship between world price variability and protectionism in two agricultural sectors. Parametric and non-parametric causality tests involving an unanticipated measure of world price variability are performed and compared. The...