The objective of this study is to propose a system of input demand functions consistent with the theory of the firm where promotion is treated as an information input in the production function. The empirical model is applied to the European Union (EU) input demand for shelled peanuts. The...

This study applies a translog cost function to analyze factor demands in four U.S. wheat production regions. The results show that factor demands are inelastic across all regions. The interdependent relationships among inputs and the effects of price changes on the relative cost shares are...

A simple but new theoretical approach is used to analyse ex-ante the impact of tariff reduction. This methodology is based on the assumption of a constant price relation between each direct substitutable product. No elasticities are needed, but accurate import and domestic prices of the most...

The CAP Health Check in 2008 may result in fundamental changes in EU dairy policy. An expansion of the EU dairy quota is being strongly considered as a prelude to the elimination of the quota mechanism by 2014/15. This paper addresses the implications of such a reform for EU and Irish dairy...

The flow of agricultural products between countries is conditioned by several factors including domestic and trade policy tools for the main competing exporters countries, and macroeconomic variables (such as real income per capita, rate of population growth,etc). Important structural changes...

Export demand functions for U.S. wheat were estimated for five world regions. Estimates of the effects of income, price, and nonprice variables on U.S. wheat exports were obtained using various econometric procedures. The major finding of the paper indicates that exchange rate changes have had a...

Globalization and the expansion of world wine trade have caused a wine boom that together with agricultural subsidies have made fluctuations in wine inventories a more critical issue. In the case of domestic and international wine markets, little is known about intertemporal inventory...

The study identifies the linkage between imports and the domestic price of crawfish. The results show a simultaneous increase in imports and domestic prices of crawfish while showing a negative relationship between domestic landings and price. Each model shows that there is a seasonality effect...