The paper develops a model of world frozen shrimp market using data from 1980 to 2004. There is a structural change in the world shrimp market that shifts the market volume from traditional to the non-traditional markets. Market structural change affects shrimp price significantly. Shrimp price has a trend and...
The Byrd Amendment permits US firms that petition successfully for antidumping duties to collect tariff revenues. Whether these payments strengthen the duty’s ability to raise price depends crucially on market structure. In a competitive market where domestic and imported goods are imperfect substitutes, the payments are akin to a production...
In recent years, considerable attention has been given to the effects of removing trade restrictions on natural resource utilization and on poverty, especially in developing countries. Our paper adds to the growing body of conceptual work to show conditions under which a developing country that, in isolation, is unable to...
Most trade literature is concerned with gains from free trade under the assumption that traded goods are produced under complete property rights. Seldom have researchers examined the consequences of free trade in the presence of incomplete property rights over renewable natural resources. In this paper, we explore these consequences. In...
We show that various procedures surrounding the administration of U.S. antidumping (AD) cases gives firms incentives to
pass-through AD duties as much as 200 percent and that exchange rate pass-through is likely altered when firms face AD
duties. While our predictions are general for any firms or products involved in...
Japan is one of the largest importers of wheat, with imports originating from three countries, Australia,
Canada, and the United States. Australia, Canada and Japan all use a government single-desk agency to control wheat
trade. Many previous studies on competition in the world grain trade have argued the market is...
This paper discusses the issue of foodborne disease and international trade in food products from an economic perspective.
Recent data from the Centers for Disease Control and Prevention show that each year diseases caused by food in the United States may
cause an estimated 325,000 serious illnesses resulting in hospitalizations,...
International production – the production of goods and
services in countries that is controlled and managed by
firms headquartered in other countries – is largely driven
by foreign direct investment (FDI) flows. Over 500,000
foreign affiliates established by 60,000 parent companies
throughout the world employed about 35 million people
in...
Our discussion in the present paper builds upon our two earlier
analyses of international fragmentation (1990, 1998),
focussing upon the importance of service links in connecting
fragmented production blocks.
The next section of this paper probes the
fundamentals of the fragmentation process and how prices
may adjust in global markets....
Few aquatic products of the United States have limited competition from imported supplies. This situation existed with the
domestic supply of freshwater crawfish until 1994. The 52 thousand MT round weight domestic production from aquaculture and
capture fisheries experienced major import competition at that point. Imports of value added crawfish...