| Home > American Agricultural Economics Association (AAEA) > 1990 Annual meeting, August 5-8, Vancouver, Canada > 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.
