domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium … tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay …

domestic food prices. Our first result is that export tariffs are strategic complements and that for poor harvests equilibrium … tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay …

contracts and the cash market on cash prices for grains participating in contracts: wheat, corn, soybeans and sorghum. By doing … restrictions. Our findings show that quantity supplied sold via contracts is a more important determinant of prices than quantity … supplied in the cash market. A 10% increase of volume sold via contracts is estimated to reduce cash market prices by 2 …