The paper models the distributional effects of partial adoption of genetically modified soybeans under the assumptions of imperfectly competitive markets and identity preservation requirements. Our results show the welfare costs of market imperfections and improve understanding the diffusion of...

Uncertainty of returns from marketing is an extremely important factor affecting the diffusion of a wide range of genetically modified (GM) crops worldwide. Biotech companies face complicated choices in making decisions about whether to enter agricultural markets in different countries with...

Uncertainty of returns from marketing is an extremely important factor affecting the diffusion of a wide range of genetically modified (GM) crops worldwide. Biotech companies face complicated choices in making decisions about whether to enter agricultural markets in different countries with...

In the paper, a dynamic model of diffusion of genetically modified crop technology is developed and simulated using the U.S. soybean market data. The model accounts for factors specific to agricultural markets, such as oligopsony power and strategic interaction among crop processors, growers'...

In this paper, we make an attempt to rationalize the strategic behavior of major peanut exporting and importing countries in the framework of imperfectly competitive markets with the focus on the global and inter-American peanut trade. This study is motivated by the fact that liberalizing...

n the paper, we study price transmission from wholesale peanut prices to retail peanut butter prices. Using monthly data since 1984, we show that, while an increase in peanut prices is almost immediately transferred to peanut butter prices, it takes several months for a price decrease to be...

The paper reports results of non-parametric analysis of peanut, corn, and cotton yield distributions by the ElNino Southern Oscillation (ENSO) phases in the Southeastern U.S. For validation purposes, the historical yield data is complemented by a set of simulated peanut yields generated using...

In the paper, we make an attempt to estimate the supply of farmer stock peanuts in the Southeastern Region of the U.S. and evaluate production effects of the recent changes in farm support policies and of trade liberalization that have affected prices. The choice of estimation methodology is...