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Quality and price competition in international wheat trade: A case study of the United Kingdom wheat import market
Author(s) -
Wilson William W.,
Preszler Todd
Publication year - 1993
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199307)9:4<377::aid-agr2720090408>3.0.co;2-n
Subject(s) - competition (biology) , quality (philosophy) , economics , international trade , international market , agricultural economics , wheat flour , whole wheat , international economics , food science , ecology , philosophy , chemistry , epistemology , biology
The input characteristic model (ICM) was used to analyze impacts of price and quality on competition in international wheat trade. The model was applied to a UK processor that produces flour with domestically produced wheat and imported hard wheats. Results are used to identify critical quality parameters and the impact of relative prices on import demand. © 1993 John Wiley & Sons, Inc.