Only few models exist which allow for a regime-dependent spatial price equilibrium. This paper focuses on the price insulating effects of export restrictions. Theory suggests that export restrictions lead to multiple spatial equilibria between the domestic and the world market price. Our...

We analyze how the governmental market interventions, during the commodity price peaks 2007/2008 and 2010/2011, have affected the transmission of price changes along the wheat-to-bread supply chain in Serbia. We aim to investigate if consumers benefitted from the wheat and flour export...

Over the last decade, major shifts have occurred in international wheat trade. On the supply side, Russia, Ukraine and Kazakhstan emerged as important wheat exporters and Russia is even projected to displace the United States as the leading exporter by 2021. We analyze the pricing behavior of...