Crop failures and export tariffs:
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export tariffs a...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin
WZB
2013
|
| Schriftenreihe: | Discussion paper
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay between governments of export countries and traders can give rise to a number of peculiar comparative statics. For example, it can be in the interest of traders to have poor harvests in one of the countries. Finally, we demonstrate that traders as well as consumers in import countries can benefit from cooperation between grain exporting countries. |
| Beschreibung: | 1 Online-Ressource (28 S.) graph. Darst. |
Internformat
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| 520 | 8 | |a We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay between governments of export countries and traders can give rise to a number of peculiar comparative statics. For example, it can be in the interest of traders to have poor harvests in one of the countries. Finally, we demonstrate that traders as well as consumers in import countries can benefit from cooperation between grain exporting countries. | |
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Datensatz im Suchindex
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| spelling | Baake, Pio 1967- Verfasser (DE-588)133846962 aut Crop failures and export tariffs Pio Baake ; Steffen Huck Berlin WZB 2013 1 Online-Ressource (28 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Discussion paper We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium tariffs can explode (shedding some light on recent volatility in world food prices). We also show that the strategic interplay between governments of export countries and traders can give rise to a number of peculiar comparative statics. For example, it can be in the interest of traders to have poor harvests in one of the countries. Finally, we demonstrate that traders as well as consumers in import countries can benefit from cooperation between grain exporting countries. Huck, Steffen 1968- Verfasser (DE-588)113617755 aut http://bibliothek.wzb.eu/pdf/2013/ii13-315.pdf Verlag kostenfrei Volltext |
| spellingShingle | Baake, Pio 1967- Huck, Steffen 1968- Crop failures and export tariffs |
| title | Crop failures and export tariffs |
| title_auth | Crop failures and export tariffs |
| title_exact_search | Crop failures and export tariffs |
| title_full | Crop failures and export tariffs Pio Baake ; Steffen Huck |
| title_fullStr | Crop failures and export tariffs Pio Baake ; Steffen Huck |
| title_full_unstemmed | Crop failures and export tariffs Pio Baake ; Steffen Huck |
| title_short | Crop failures and export tariffs |
| title_sort | crop failures and export tariffs |
| url | http://bibliothek.wzb.eu/pdf/2013/ii13-315.pdf |
| work_keys_str_mv | AT baakepio cropfailuresandexporttariffs AT hucksteffen cropfailuresandexporttariffs |