Markets and consumers, not president, control oil’s future
The following appeared in the Columbus Dispatch on November 4, 2020: https://www.dispatch.com/story/opinion/columns/2020/11/04/column-markets-and-consumers-not-president-control-oils-future/6136112002/ Brent Sohngen, AED Economics, Ohio State University For practically 150 years, oil has been at the center of the American economy. At first, it provided a source…
COVID-19’s Impact on Commodity Markets
Dr. Ian Sheldon and Ben Brown, Assistant Professor of Professional Practice in Agricultural Risk Management, discuss COVID-19’s Impact on Commodity Markets, International Trade and the WHO.
Are the USDA forecasts rational?
Are the USDA forecasts rational? This is the question that AEDE’s Siddhartha Bora and Ani Katchova, together with Todd Kuethe, have answered in their recently published article in the American Journal of Agricultural Economics (AJAE). Ani Katchova is the Farm…
Climate Mitigation is a Complex Systems Problem
Drs. Yongyang Cai and Sathya Gopalakrishnan discuss the complexity of climate mitigation, the social cost of carbon and if COVID-19 is enough of a disruption to be considered a tipping point. *Be sure to click ‘watch on youtube’ and hit…
“Power-Based” Bargaining Over Trade: What Has Been the Economic Cost?
The U.S.-China trade war represents a natural experiment in the sense that we have not seen such wide-ranging increases in tariffs since the 1930s, when Congress passed the Smoot-Hawley Tariff Act (Bown and Zhang, 2019). Not surprisingly, applied trade economists…
“Power-Based” Bargaining Over Trade: Myopic Behavior by the United States?
Analysis of the current administration’s trade policy choices has typically interpreted them in terms of a zero-sum game, i.e., rather than generating mutual benefits in a positive-sum game, international trade is a game where economically, one country is a winner…
China’s Agricultural Import Commitments: Inefficient “Managed” Trade?
In light of the sectors targeted by China’s retaliatory tariffs against U.S. imports, it is not surprising that agriculture was a critical component of the Phase One Trade Agreement between the U.S. and China, that went into effect on February…
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