EXPORT ENHANCEMENT, EXPORTING FIRMS, AND EFFICIENCY OF INTERNATIONAL COMMODITY MARKETS

The large grain-export firms lobby against a U.S. export subsidy program that has paid nearly $3 billion in bonuses. This paper discusses the program characteristics that limit arbitrage opportunities and hinder traders' assessment and management of risk. These firm-level effects have implications for the international marketing system.


Issue Date:
Aug 05 1990
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/270895
Language:
English
Total Pages:
13




 Record created 2018-04-06, last modified 2018-04-06

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