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Exchange rate effects on prices in Canada and the United States are evaluated for five traded farm outputs (wheat, soybeans, corn, feeder steers, and slaughter steers) and four traded non-farm-produced inputs (fertilizer, pesticides, petroleum, and farm machinery). Unit root tests suggest the...
Exchange rate effects on prices in Canada and the United States are evaluated for five traded farm outputs (wheat, soybeans, corn, feeder steers, and slaughter steers) and four traded non-farm-produced inputs (fertilizer, pesticides, petroleum, and farm machinery). Unit root tests suggest the...
We consider an American put option under the CEV process. This corresponds to a free boundary problem for a PDE. We show that this free bondary satisfies a nonlinear integral equation, and analyze it in the limit of small $\rho$ = $2r/ \sigma^2$, where $r$ is the interest rate and $\sigma$ is...
This dissertation explores technical regulations (sanitary and phytosanitary (SPS) measures, technical barriers to trade, and geographical indications) in Central American agricultural and food trade. In the first part, a framework to systematically evaluate the broad issues for developing...
This thesis examines the effects on demand, supply, imports, and prices of partial easing of sanitary and phytosanitary (SPS) barriers to trade in the U.S. market in the case of Mexican avocados. The SPS Agreement plays a role in the avocado market studied here through its implications for...
Sugar has a long history of being a contentious commodity important in international trade. Initially, the global framework for sugar trade was based on sugarcane, a grass grown in the tropics with trade being dictated largely by the British. In the Napoleonic wars, commercialization of the beet...