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Registros recuperados: 41
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THE NON-NEUTRALITY OF WTO BORDER TAX ADJUSTMENTS FOR ENVIRONMENTAL EXCISE TAXES UNDER IMPERFECT COMPETITION AgEcon
McCorriston, Steve; Sheldon, Ian M..
Border tax adjustments for environmental taxes should leave imports of final goods unchanged. If intermediate and final goods markets are imperfectly competitive though, non-neutrality can result. Under Cournot behavior, an import tax equal to the environmental tax is too high, and under Bertrand, an import subsidy is the appropriate policy.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; International Relations/Trade.
Ano: 2002 URL: http://purl.umn.edu/19673
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Vertical Market Structure, Commodity Exports and Trade Reform AgEcon
McCorriston, Steve; Sexton, Richard J.; Sheldon, Ian M..
In the analysis of commodity markets, comparatively little attention is paid to the fact that commodity exports are intermediates that form inputs into the food processing and retail sectors in developed countries. Exporting countries correspondingly argue that access to developed country markets are determined by market structure characteristics of the downstream food sector. Given the vertical nature of these markets, they are most appropriately characterised by successive oligopoly and/or oligopsony. We explore trade policy issues facing commodity exporters, and show that the impact of tariff reform on commodity exporters is determined by the market structure characteristics of the downstream sectors.
Tipo: Conference Paper or Presentation Palavras-chave: Vertical market structure; Trade reform; Industrial Organization; International Relations/Trade; F12; Q17.
Ano: 2005 URL: http://purl.umn.edu/24754
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TARIFF ESCALATION AND THE DEVELOPING COUNTRIES: HOW CAN MARKET ACCESS BE IMPROVED IN THE DOHA ROUND OF TRADE NEGOTIATIONS? AgEcon
McCorriston, Steve; Sheldon, Ian M..
This paper explores the issue of market access where some developing countries export high-value processed goods and others export raw commodities. The results show that market access issues for goods entering at different stages of the marketing chain should take into consideration the potential existence of successively oligopolistic markets.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20156
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INTERNATIONAL COMMERCE IN PROCESSED FOODS: PATTERNS AND CURIOSITIES AgEcon
Henderson, Dennis R.; Sheldon, Ian M.; Pick, Daniel H..
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 1996 URL: http://purl.umn.edu/51211
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VALUATION OF INTERNATIONAL PATENT RIGHTS FOR AGRICULTURAL BIOTECHNOLOGY: A REAL OPTIONS APPROACH AgEcon
Nadolnyak, Denis A.; Sheldon, Ian M..
Uncertainty of returns from marketing is an extremely important factor affecting the diffusion of a wide range of genetically modified (GM) crops worldwide. Biotech companies face complicated choices in making decisions about whether to enter agricultural markets in different countries with their agricultural products. In this paper, we model these choices as a real option problem of entry decision solved at a micro-level by individual firms. The model is aggregated in order to reflect the heterogeneity of different genetic events, as well as different markets, in terms of their profitability. The solution to the model produces distributions of entry probabilities as functions of the functional forms (and parameter values) that govern the evolution of...
Tipo: Conference Paper or Presentation Palavras-chave: Patent values; Agricultural biotechnology; Real options; Numerical simulation.; Research and Development/Tech Change/Emerging Technologies.
Ano: 2003 URL: http://purl.umn.edu/21982
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ANALYZING VERTICAL MARKET STRUCTURE AND ITS IMPLICATIONS FOR TRADE LIBERALIZATION AgEcon
Sexton, Richard J.; Sheldon, Ian M.; McCorriston, Steve; Wang, Humei.
A model is developed to characterize the vertically linked and concentrated nature of developed country food markets. This model is then parameterized and used to simulate the effects of varying food market structures on the benefits to developing country exporters of agricultural commodities from trade liberalization by developed countries.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20060
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A CROSS-SECTION ANALYSIS OF INTRA-INDUSTRY TRADE IN THE U.S. PROCESSED FOOD AND BEVERAGE SECTORS AgEcon
Hartman, Darcy A.; Henderson, Dennis R.; Sheldon, Ian M..
This paper analyzes the determinants of variation across industries in levels of intra-industry trade (IIT) for a sample of 36 U.S. processed food and beverage industries in 1987, previous studies of intra-industry trade having focused on industry characteristics in the manufacturing sectors. The determinants predicted by IIT theory are measures of product differentiation, economies of scale, and imperfect competition; the results of this analysis indicate that IIT variation across the food and beverage industries is positively related to product differentiation, U.S. total trade, similarity of tariff barriers among trade partners, and economies of scope, but negatively related to industry concentration.
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1993 URL: http://purl.umn.edu/26561
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EXCHANGE RATE MISALIGNMENT AND AGRICULTURAL TRADE AgEcon
Cho, Guedae; Sheldon, Ian M.; McCorriston, Steve.
Using a sample consisting of bilateral trade flows across 10 developed countries between 1974 and 1995, this paper explores the effect of exchange rate misalignment on the growth of agricultural trade as compared to other sectors. Controlling for other factors likely to determine the growth in bilateral agricultural trade, the results show that long-run real exchange rate variability has had a significant negative effect on the growth of agricultural trade over this period. Keywords: Exchange rates, misalignment, agricultural trade
Tipo: Conference Paper or Presentation Palavras-chave: Exchange rates; Misalignment; Agricultural trade; International Relations/Trade.
Ano: 2000 URL: http://purl.umn.edu/21824
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SIMULATING THE EFFECTS OF ADOPTION OF GENETICALLY MODIFIED SOYBEANS IN THE U.S. AgEcon
Nadolnyak, Denis A.; Sheldon, Ian M..
The paper models the distributional effects of partial adoption of genetically modified soybeans under the assumptions of imperfectly competitive markets and identity preservation requirements. Our results show the welfare costs of market imperfections and improve understanding the diffusion of innovation in agriculture.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2001 URL: http://purl.umn.edu/20734
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MARKET POWER IN THE WORLD MARKET FOR SOYMEAL EXPORTS AgEcon
Deodhar, Satish Y.; Sheldon, Ian M..
In this article, the degree of imperfect competition in the world market for soymeal exports is estimated using a structural econometric model. The procedure consists of estimating a demand function and the industry first-order profit-maximization condition, from which an estimate of the degree of market power can be retrieved. Using a nonlinear three-stage least squares procedure, the estimate of market power shows that the world market for soymeal exports is perfectly competitive. The empirical results also indicate that this market was competitive even prior to entry by Argentinean firms in the mid-1970s.
Tipo: Journal Article Palavras-chave: Crop Production/Industries; International Relations/Trade.
Ano: 1997 URL: http://purl.umn.edu/31010
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LOCATION OF VERTICALLY LINKED INDUSTRIES UNDER FREE TRADE: CASE STUDIES OF ORANGE JUICE AND TOMATO PASTE IN THE WESTERN HEMISPHERE AgEcon
Hartman, Darcy A.; Sheldon, Ian M.; Tweeten, Luther G..
The objective of this study was to determine the economic impact on the United States of removing tariff barriers on imports of concentrated orange juice and tomato paste from South America. The study highlighted an agglomeration model of industry location recognizing imperfect competition and increasing returns. The results were contrasted with those from a competitive model with conventional estimates of supply and demand elasticities. Because the assumptions of the models differed, the results also differed. The agglomeration model indicated that the United States would gain market share of production and processing with the removal of tariffs. In contrast, the competitive model indicated that the United States would lose market share in production...
Tipo: Working or Discussion Paper Palavras-chave: Oranges; Tomatoes; Juice; Paste; Model; Agglomeration; Competitive; Comparative advantage.; Industrial Organization; International Relations/Trade.
Ano: 1999 URL: http://purl.umn.edu/14580
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A Model of Endogenous Market Structure, Innovation, and Licensing in Agricultural Biotechnology AgEcon
Anderson, Benjamin; Sheldon, Ian M..
We develop a model of endogenous market structure and sunk cost R&D investment that allows for the licensing of technology among competitors. Our theoretical model predicts both a greater lower bound to market concentration and higher levels of quality compared to the case without licensing. These result simply that in markets in which licensing and a symmetric R&D costs are prevalent, such as the agricultural biotechnology sector, the ability to license technology generates more concentration among firms but also improves consumer welfare by incentivizing the production of higher quality.
Tipo: Conference Paper or Presentation Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 2010 URL: http://purl.umn.edu/61786
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Climate Policy, Carbon Leakage and Competitiveness: How Might Border Tax Adjustments Help? AgEcon
Sheldon, Ian M.; McCorriston, Steve.
In this paper, analysis is presented relating to the impact of border tax adjustments for climate policy on the international competitiveness of energy-intensive industries, and the related problem of carbon leakage. While many of the economic and legal issues are not particularly new, climate policy does present some possible twists to the analysis of border tax adjustments when vertically-related markets can be characterized as a successive oligopoly. Specifically, an appropriate border tax adjustment will depend on the incidence of a domestic carbon tax, the nature of competition in upstream and downstream sectors, as well as the basis for assessing the trade neutrality of any border tax adjustment. If trade neutrality is defined in terms of market...
Tipo: Conference Paper or Presentation Palavras-chave: Climate policy; Carbon leakage; Border tax adjustments; Imperfect competition; Environmental Economics and Policy; International Relations/Trade; H87; Q38.
Ano: 2011 URL: http://purl.umn.edu/103207
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THE IMPORTANCE OF AND ECONOMIC MOTIVATION FOR THE INTERNATIONAL LICENSING OF BRANDED FOOD AND RELATED PRODUCTS AgEcon
Henderson, Dennis R.; Sheldon, Ian M..
Casual empiricism suggests that the international licensing of the production and marketing of branded food and related products may become an increasingly important aspect of the globalization of the food industry, particularly in sectors such as soft drinks, brewing and confectionery products. For example, Coca-Cola and Pepsi-Cola both license the canning and distribution of their final products in overseas markets, Anheuser-Busch and Miller license production of various of their beer brands whilst Nestle chocolate products are manufactured under license in the United States by Hershey. The purpose of this paper is twofold; first, in Section 1 empirical evidence on the extent of international licensing is presented and evaluated. In particular, due to...
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1991 URL: http://purl.umn.edu/26487
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ISSUES IN REFORMING TARIFF-RATE IMPORT QUOTAS IN THE AGREEMENT ON AGRICULTURE IN THE WTO AgEcon
de Gorter, Harry; Abbott, Philip C.; Barichello, Richard R.; Boughner, Devry S.; Bureau, Jean-Christophe; Choi, Jung-Sup; Coleman, Jonathan R.; Herrmann, Roland; Kramb, Marc Christopher; Sheldon, Ian M.; Liapis, Peter S.; MacLaren, Donald; Moennich, Christina; Morse, B. Adair; Skully, David W.; Sumner, Daniel A.; Tangermann, Stefan.
Contents: The Economics of Tariff Rate Quotas and the Effects of Trade Liberalization; TRQs and GATT Rules; An Overview of Tariffs, Quotas and Imports Worldwide; TRQs in the European Union; U.S. TRQs for Sugar, Tobacco and Peanuts; Dairy TRQs in the United States; Tariff Rate Quota Implementation and Administration by Developing Countries; Management of Tariff Rate Quotas in Korea and Japan; Tariff Rate Quota Administration in Canadian Agriculture; The Case of Australia and New Zealand Facing TRQs; The 1999 WTO Panel Report on the EU's Common Market Organization for Bananas; Assessment
Tipo: Report Palavras-chave: International Relations/Trade.
Ano: 2001 URL: http://purl.umn.edu/14617
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Pricing to Market, (Seasonal) Cointegration and US Agricultural Exports AgEcon
Xu, Yun; Sheldon, Ian M..
In this paper, we examine whether US exporters of agricultural commodities price to market. Specifically, we estimate the fixed-effects model of Knetter (1989; 1995), and alternative specifications based on the use of cost indices, and seasonal and vector error correction models that account for the time-series properties of the data.
Tipo: Conference Paper or Presentation Palavras-chave: Pricing to market; Cointegration; US agricultural exports; International Relations/Trade; F12; L13.
Ano: 2005 URL: http://purl.umn.edu/19377
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EXPORT COMPETITION AND THE REMISSION OF DOMESTIC ENVIRONMENTAL TAXES AgEcon
McCorriston, Steve; Sheldon, Ian M..
In this paper we consider the use of border adjustments to compensate exporters for domestic environmental taxes even when the environmental tax is imposed on an intermediate good. Although GATT/WTO rules allow for border adjustments, there has been little analysis of them. A model of successive oligopoly is used to consider the appropriate border adjustments since many industries where environmental excise taxes are applied can be characterised as imperfectly competitive. We show that the border adjustment currently allowed for in GATT/WTO rules is, under certain circumstances, likely to be too low to maintain the competitiveness of exporters. In some cases, an export tax would be justified.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/21994
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EFFECTIVENESS OF ALTERNATIVE EXPORT PROMOTION STRATEGIES FOR BRANDED FOOD PRODUCTS AgEcon
Brenes, Jose R.; Henderson, Dennis R.; Sheldon, Ian M..
This study examines the impact on export sales of various promotional strategies for branded food products in foreign markets. It is an empirical analysis using data obtained from organizations that administer the High Value Export Incentive Program (HVEIP) for branded food products, part of USDA's Targeted Export Assistance (TEA) program and its successor, the Marketing Assistance Program (MAP). To respect the proprietary nature of the data, the identity of individual firms and brand names has been deleted and products have been combined into two groups: (1) consumer ready and (2) intermediate. Economic analysis reveals positive and statistically significant impacts of expenditures on television advertising and advertising in consumer-orientated print...
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1992 URL: http://purl.umn.edu/27180
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ESTIMATION OF IMPERFECT COMPETITION IN FOOD MARKETING: A DYNAMIC ANALYSIS OF THE GERMAN BANANA MARKET AgEcon
Deodhar, Satish Y.; Sheldon, Ian M..
Several studies have estimated the welfare effects of recent changes in the European Union's common policy on banana imports, based upon the assumption that the market is perfectly competitive. However, if the market is imperfectly competitive, predictions about changes in banana policy may be inaccurate. The objective of this paper is to estimate the degree of market imperfection in the German market for banana imports using dynamic methods. The hypothesis that this market is perfectly competitive is rejected, and, in addition, the degree of market imperfection is estimated to be higher using a dynamic model compared to previous static estimates.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1996 URL: http://purl.umn.edu/27899
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THE SOURCE OF COMPARATIVE ADVANTAGE IN THE BIOTECHNOLOGY INDUSTRY: A REAL OPTIONS APPROACH AgEcon
Lavoie, Brian F.; Sheldon, Ian M..
Sources of heterogeneity within the process of R&D investment, such as international differences in the maximum per-period rate of investment and level of regulatory uncertainty, offer a plausible explanation for US comparative advantage in biotechnology. Using dynamic stochastic simulation, the results presented in this paper suggest US biotechnology firms may initiate more R&D projects, innovate earlier and more rapidly, persevere longer in the face of mounting R&D costs, and successfully complete more R&D projects than European firms.
Tipo: Conference Paper or Presentation Palavras-chave: Comparative advantage; Biotechnology; Real options; Industrial Organization; Research and Development/Tech Change/Emerging Technologies.
Ano: 1999 URL: http://purl.umn.edu/21508
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