@article{Webb:276716,
      recid = {276716},
      author = {Webb, Alan J. and Wilson, Edward C.},
      title = {An Overview of Bilateral Trade Agreements for Agricultural  Commodities in International Markets},
      address = {1981-06},
      number = {1486-2018-5569},
      series = {AGESS 810616},
      pages = {50},
      year = {1981},
      abstract = {Tighter world grain markets, increased price variability,  and the growing importance of the state trading agencies of  developing and centrally planned countries have been major  forces increasing the use of bilateral trade agreements.  The terms of these agreements are examined and current  trends in the pattern of trade under bilateral arrangements  are identified. A theoretical trade model is developed and  shows that the major impact of bilateral agreements is an  increase in price and trade variability. The model is used  to define a maximum limit to U.S. bilateral trade  commitments for a given level of risk.},
      url = {http://ageconsearch.umn.edu/record/276716},
      doi = {https://doi.org/10.22004/ag.econ.276716},
}