Since its inception, the gravity model has been the cornerstone of empirical trade analysis. It has been used to estimate the marginal e↵ects of various determinants of trade as well as to test hypothesized relationships, many of which have direct and significant policy implications....

Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

"Rising urban and environmental demand for water has created growing pressure to reallocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water...

This paper investigates the direction of the prima facie causal relationship between world price variability and protectionism in two agricultural sectors. Parametric and non-parametric causality tests involving an unanticipated measure of world price variability are performed and compared. The...

Two demand systems incorporating habit formation and time-varying parameters but using two different product differentiation schemes are estimated to analyze the demand for wine in Ontario and assess the effect of complying with a GATT ruling calling for the phasing-out of a 65% discriminatory...

The crop insurance program is a prominent facet of U.S. farm policy. The participation of private insurance companies as intermediaries is justified on the basis of efficiency gains. These gains may arise from either decreased transaction costs through better established delivery channels and/or...