STRUCTURAL CHANGE, RENTS TRANSFERRING AND MARKET POWER IN THE INTERNATIONAL COFFEE MARKET: A TIME SERIES ANALYSIS

The breakdown of the International Coffee Agreement (an oligopoly of exporting countries) in 1990 led to increasing competition for market share. We use an econometric model to examine the effects of the agreement's dissolution. Results suggest a transfer of rents from producers to wholesalers and little impact on consumers.Industrial Organization,

Impact of CO2 Emission Policies on Food Supply Chain: Application to the U.S. Apple Sector

Environmental Economics and Policy,

Price Transmission Asymmetries and Nonlinearities in the International Coffee Supply Chain

We examine two distinct and important dimensions (e.g. symmetry vs. asymmetry and linearity vs. nonlinearity) of price transmission from international to retail coffee prices in France, Germany and the United States. We show that ignoring these two features of the price transmission process may lead to misleading impact assessments resulting from the elimination of International Coffee Agreement (ICA) in 1990. Our results confirm the presence of threshold effects in both periods (ICA and post ICA) in all three countries. Our estimates show that, in the long-run, the speed of adjustment toward equilibrium becomes faster during the post-ICA period in France and Germany. Our results suggest that, for these two countries, changes in international prices did not influence retail prices in the short-run during the ICA period; in contrast, retail prices responded to changes in international prices in the post-ICA period. Our results suggest differences between the two European countries and the United States. Specifically, our results indicate that changes in international prices influence U.S. retail prices in both periods. Nonlinear impulse response analysis indicates that ICA elimination in 1990 increased the speed of adjustment toward the long-run equilibrium, given a shock in international coffee prices. Our results show that ignoring nonlinearities and asymmetries in price transmission may lead to incorrect assessment of the consequences accruing to the elimination of the ICA.Threshold, Nonlinearity, Asymmetric Price Transmission, Roasted Coffee, Germany, United States, France, Error Correction Model, Demand and Price Analysis, International Relations/Trade, C32, Q17,

Systematic Analysis of Majorization in Quantum Algorithms

Motivated by the need to uncover some underlying mathematical structure of optimal quantum computation, we carry out a systematic analysis of a wide variety of quantum algorithms from the majorization theory point of view. We conclude that step-by-step majorization is found in the known instances of fast and efficient algorithms, namely in the quantum Fourier transform, in Grover's algorithm, in the hidden affine function problem, in searching by quantum adiabatic evolution and in deterministic quantum walks in continuous time solving a classically hard problem. On the other hand, the optimal quantum algorithm for parity determination, which does not provide any computational speed-up, does not show step-by-step majorization. Lack of both speed-up and step-by-step majorization is also a feature of the adiabatic quantum algorithm solving the 2-SAT ``ring of agrees'' problem. Furthermore, the quantum algorithm for the hidden affine function problem does not make use of any entanglement while it does obey majorization. All the above results give support to a step-by-step Majorization Principle necessary for optimal quantum computation.Comment: 15 pages, 14 figures, final versio

EFFECTS OF FOOD AND HEALTH SPENDING PATTERNS ON THE HEALTH OF THE ELDERLY

Examines linkages between food and health spending patterns, income, and health status of the elderly. Links these relationships to food insecurity and expenditures on nutraceuticals. Methodology includes simultaneous estimation of expenditure systems and health production functions. Preliminary results indicate simultaneity between health production function and spending patterns throughout the life cycle.Food Consumption/Nutrition/Food Safety, Health Economics and Policy,

Case study the poultry industry in Colombia

"As developing countries open their economies further to trade, their food industries are striving to raise safety and quality standards in order to compete in new markets. Such is the case with the Colombian poultry industry... Critical questions face the Colombian poultry industry: Is it ready to compete with foreign poultry producers on price, quality, and safety? Can industry efforts to produce better quality products assure an increased share of domestic and regional markets? This brief reviews the private initiatives undertaken by the Colombian poultry industry to assure food safety in light of these questions." from TextFood safety ,food security ,Public health ,

Economic Impacts of Soybean Rust on the US Soybean Sector

The spread of Asian Soybean Rust (ASR) represents a real threat to the U.S. soybean sector. We assess the potential impacts of ASR on domestic soybean production and commodity markets as well as the competitive position of the US in the soybean export market. We develop a mathematical stochastic dynamic sector model with endogenous prices to assess the economic impacts of ASR on US agriculture. The model takes into account the disease spread during the cropping season, the inherent uncertainty regarding the risk of infection, and the dichotomous decisions that farmers make (no treatment, preventive treatment, and curative treatment) facing the risk of infection. Our results suggest substantial impacts from potential ASR spread on agricultural output, prices and exports. Our simulation results suggest that substantial losses to the US soybean producers may be avoided by establishing effective soybean rust controls. ASR control policies can be particularly efficient if applied in the gateway regions on the path of the ASR spread. On the other hand, our results indicate a possible gradual shift in soybean production from lower-latitude states toward higher-latitude statesAsian Soybean Rust, Stochastic Models, Dynamic Models, Crop Production/Industries, C61, Q13,

IMPORT PRICES AND HARD CURRENCY CONSTRAINTS IN EASTERN EUROPE: IMPLICATIONS FOR COARSE GRAIN IMPORTS AND PRODUCTION OF MEAT

The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall imports and coarse grain imports in command economies; (b) to measure the importance of import prices on grain imports and to trace the link of grain availability to meat production; and (c) to determine how economic and political reforms in the selected countries may have affected the hard currency constraint, the importance of import prices, and grain imports and meat production. The results indicate that import demand was constrained by earnings of hard currency, but was not responsive to world prices, and meat production was affected by total grain availability, including imports.Coarse grain imports, Hard currency, Eastern Europe, Import prices, Meat production, Political reforms, International Relations/Trade,

Do retail coffee prices increase faster than they fall? Asymmetric price transmission in France, Germany and the United States

This investigation examines price transmission asymmetries (PTA) between international and retail coffee prices in the US, France and Germany. Differences in price transmission mechanisms provide evidence for disparities in market structure and market performance across countries. Although all processors of roasted coffee purchase green coffee at the same price in the international markets, one finds significant differences in retail prices among these countries. The study develops an Error Correction (EC) representation model to assess PTA of non-stationary models. Finally, it claims that identifying differences in price transmission asymmetry is an approach to compare market structure across countries.coffee, markets, Food Consumption/Nutrition/Food Safety, Marketing,