Export Demand Function Estimation for U.S. Raisins

Raisins are one of important products of California. Almost all U.S. raisins are produced near Fresno California’s central valley due to its hot growing season and abundant water supply. U.S. is the leading exporter of raisins in the world. This paper investigates the export demand function of U.S. raisins for the top five importer countries. The relationship of quantity exported with export price, other exporters’ prices, real income, and exchange rate is estimated. The model used is a logarithmic panel data model for the 1992-2008 periods. The model used is in log-log format to determine own- price, cross price, and income elasticities for the commodity.International Relations/Trade,

MEASURING THE DEGREE OF MARKET POWER AMONG BEEF EXPORTERS TO JAPAN

A residual-demand model for beef exporters to Japan is specified to estimate market power. The analysis is disaggregated by beef cut and form. The results indicate U.S. frozen-ribs category enjoys the highest markup of price over marginal cost, while Australia and New Zealand have some market power, which includes five chilled-beef categories.International Relations/Trade,

US Seafood Exports and HACCP Regulatory System

This study investigates how the implementation and standards harmonization of HACCP regulation affects U.S. seafood exporting based on the method of Gravity Model and Spatial Error model. The analysis includes top 32 countries that importing seafood from U.S. The results indicate that HACCP standards benefit U.S. seafood exporting in the long time period but do not have significant impact in the short term period. Moreover, the way of performance standards is better for HACCP implementation and standards harmony.HACCP, U.S. seafood exports, Agricultural and Food Policy, Food Security and Poverty, International Relations/Trade,

Demand for quality-differentiated beef in Japan

In this article, we apply a model of vertical product differentiation to the Japanese beef market. We theoretically derive a system of consumer demand functions for quality-differentiated beef in Japan. We choose a particular utility function which is nonlinear in the consumption of the quality-differentiated product and linear in the consumption of all other goods. We employ a seemingly unrelated econometric model to estimate Japanese consumer demand functions for four beef types from the four origins. The empirical results show Japanese consumers prefer domestically produced beef to imported US and Australian. We also find seventeen substitution and two complementary effects among the various origins.vertical quality differentiation, consumer demand, beef, Japan, Consumer/Household Economics, Demand and Price Analysis,

Consumer Response to Food Safety Events: An Interaction Between Risk Perception and Trust of Information in the Chicken and Beef Markets

Food Consumption/Nutrition/Food Safety, Marketing,

The Impacts of Atlantic Bonito Rush and the Avian Influenza on Meat Products in Turkey

The Atlantic bonito rush experienced in Turkey in the Fall of 2005 coincides with the avian influenza food scare that happened exactly at the same time-period in the country. In this research using time-series techniques, we investigate how the food scare and the excess fish caught jointly influence the demand for meat products in Turkey.

An Institutional Framework for Meeting International Food-Safety Market Standards from a Developing-Country Perspective

This paper examines problems being faced by agribusiness firms in developing countries in meeting the food-safety standards imposed by importing countries in their respective markets. Based on existing institutional frameworks in developing countries such as India, it is suggested that in order to meet the prescribed standards in international markets there is a need to establish inter-linkages across different institutions not only within developing countries but also with respected international standard-setting organizations for better and smoother implementation of WTO measures related to international food-safety market standards.Food Consumption/Nutrition/Food Safety,

Integrating Marginal Cost into Pricing-to-market Models for U.S. Agricultural Products

This article investigates the markup pricing behaviour of U.S. exporters of agricultural products. Agricultural products studied are feed, flour, frozen potatoes, frozen orange juice, five categories of beef, five categories of pork, and two categories of chicken. The popular pricing-to-market (PTM) approach of Krugman (1987) is used to examine market power and imperfect competition for the markets under study. The PTM model can directly investigate whether there is any evidence of market power in international trade.The sensitivity of U.S. export prices to exchange rate fluctuations may indicate price discrimination and imperfect competition in the international markets. The PTM approach is popular because of its relatively simple specification and empirical testing.Demand and Price Analysis, International Relations/Trade,

The Recession and its Impact on Foreign Direct Investment Flows into the Food System of Less Developed Countries

This study investigates the effects of the current recession on foreign direct investment (FDI) in the food sectors of developing countries. The study tests the hypothesis that the economic recession adversely affects FDI flows in the food sector. The specific objectives are: to identify determinants that influence FDI inflows; to develop an econometric model to estimate changes in FDI inflows as influenced by factor determinants, including the present recession; and to compare the impact of the recession on FDI in the food system in different developed and developing economies.Recession, FDI, Developing countries, Agricultural and Food Policy, International Development, International Relations/Trade,

Export Market Pricing Decisions and Market Power in World Grain Markets: A Duopoly Model for Soybeans

Replaced with revised version of paper 02/13/07.Marketing,