Replaced with revised version of paper on 10/26/10.

A wide range of economic analysis of agricultural trade liberalization was performed prior to and during the Uruguay Round of trade negotiations. Views differ as to the effectiveness of this research, although most would agree that it became less relevant as the negotiations progressed. This...

The use of agricultural decoupled support has increased as World Trade Organization (WTO) member nations implement less trade distortive policies. However, the true production effects of these policies are still unclear. We show how the exclusion restrictions of U.S. direct payments, namely, the...

Leakage in the fuel market differs, depending on whether ethanol production is determined by a tax credit or consumption mandate. Two components of market leakage are distinguished: domestic and international. Leakage with both a tax credit and a consumption mandate depends on market...

Traditional models of export bonus programs focus only on the effects of disposing public stocks on the world market. We show that the economic effects of export bonus programs are significantly different when one includes the costs of acquiring these stocks. Including stock acquisition costs...

Traditional models of export bonus programs focus only on the effects of disposing public stocks on the world market. We show that the economic effects of export bonus programs are significantly different when one includes the costs of acquiring these stocks. Including stock acquisition costs...

With the prospect of greater uncertainty in world markets, additional progress will be required to minimize the adverse effects of domestic support policies on international trade; otherwise, turbulent global economic conditions will generate even greater uncertainty and instability in world...

New initiatives are needed in order to move the GATT negotiations forward. A Production Entitlements Guarantees (PEG) program would limit the quantity of production of individual farmers eligible to receive support payments. The payments would be tied to production. But the quantity of...