| The objective of the research reported here is to develop a more flexible and comprehensive policy simulation model for imperfectly competitive international agricultural trade with various trade and domestic support policies. The model is a nonlinear imperfectly competitive spatial equilibrium model formulated as a MCP. The model is flexible in that it can simulate the economic effects of the following trade policies: specific duties, ad valorem tariffs, tariff-rate quotas, export subsidies, production subsidies, production quotas, consumption taxes and price floor, combined with various imperfectly competitive market structures. The usefulness of the model is demonstrated with an application to international wheat trade simulated under several... |
