Many important policy problems entail linkages among multiple economic sectors, and require the use of a general equilibrium economic modeling framework. This economic approach is appropriate when the market for any one good or service is linked to numerous other goods and services, and back to fundamental inputs such as...
The elasticity of excess demand held by foreign buyers of United States agricultural products is critical for understanding the impacts of changes in farm policy and is a parameter that is much debated. The objective of my study is to estimate this parameter for major U.S. export crops, including wheat,...