A model is developed that derives optimal pollution levels and determines the welfare economics of pollution reduction, differentiating between abatement and output reduction. It is suitable to analyze alternative policy instruments aimed to reduce external costs of agricultural production. The...

Elasticities of demand for meat imports in Russia are estimated using an AIDS model. The model differentiates among sources of imports as well as kinds of meat, but since the number of observations on Russian imports is limited, an improved block-substitutability restriction is introduced to...

Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such spikes have had the heaviest economic and social impact on developing nations, where agriculture accounts for a sizable portion of economic activity. We demonstrate how US...

This paper examines the joint determination of public policies which provide agricultural research and those which provide subsidies to farmers. The paper suggests that the puzzlingly consistent finding of "underinvestment" in agricultural research may be related to the inseparability of these...