Domestic food and agricultural policies of individual importing and exporting countries signicifantly affect international trade in grains This case study focuses on Venezuela's import demand for sorghum It investigates the tradeoffs in a country's decision to import or to produce feed grains in...

Theory and analysis of price information and its importance have typically assumed that the information is correct. Additionally, most analyses have centered on general price information assuming homogeneous products. This paper examines the implications of incorrect price information on the...