Residual Supply Analysis of the United States Corn Export Market

Author

Melissa Antoinette YeastFollow

Date of Award

12-2011

Degree Type

Thesis

Degree Name

Master of Science

Major

Agricultural Economics

Major Professor

Daryll E. Ray

Committee Members

Burton C. English, Daniel G. De La Torre Ugarte, Dayton M. Lambert

Abstract

Six models of imperfect competition test the interaction between the United States and Argentina in the Japanese corn import market. The models evaluated were the Bertrand (1883), Cournot (1897), and Stackelberg (1952) with price and quantity leadership by the United States and Argentina. Models were compared using a non-nested likelihood ratio test. Results of the analysis did not show a statistically significant preference of one model over another. The dominance of the United States in the Japanese corn import market is the likely cause for the results. The methodology used in this analysis could be applied to alternate commodities such as soybeans or wheat.

Recommended Citation

Yeast, Melissa Antoinette, "Residual Supply Analysis of the United States Corn Export Market. " Master's Thesis, University of Tennessee, 2011.
https://trace.tennessee.edu/utk_gradthes/1110