SelectedWorks - E. Kwan Choi

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Selected Works of E. Kwan Choi

Professor of Economics

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About E. Kwan Choi

Present	Professor, Iowa State University ‐ Department of Economics
Institution Organization Position Type Position Title Time Period to Options Current Position Affiliate my profile with this Institution

Agricultural and Resource Economics and International Economics

280C Heady

518 Farm House Ln

Ames, IA 50011-1054

Phone: 515-294-5999

Fax: 515-294-9913

Email:

Articles (14)

Article

Why are nontraded goods cheaper in poor countries?

International Review of Economics and Finance (2018)

Yoonho Choi, Hailong Jin and E. Kwan Choi

Balassa and Samuelson argued that production technologies differ among countries, and the price of the nontraded good is higher in ...

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Article

Unemployment and optimal currency intervention in an open economy

International Review of Economics and Finance (2016)

Hailong Jin, Yoonho Choi and E. Kwan Choi

This paper investigates whether China, with unemployed resources, can benefit from a trade surplus in one period and a deficit ...

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Article

China’s Profits and Losses from Currency Intervention, 1994-2011

Pacific Economic Review (2014)

Hailong Jin and E. Kwan Choi

China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, with potential adverse ...

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Article

Genetic contamination of traditional products

International Review of Economics and Finance (2013)

E. Kwan Choi

Cross-pollination can be caused by birds, insects and wind. Genetically modified (GM) seeds are produced each year in a controlled ...

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Article

To integrate with a high- or low-wage country: That is ...

International Review of Economics and Finance (2011)

E. Kwan Choi

This paper considers the question of whether a country with the intermediate capital–labor ratio is better off forming a free ...

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Article

International trade in genetically modified products

International Review of Economics and Finance (2010)

E. Kwan Choi

This paper investigates competition between two markets that sell close substitutes: a traditional product and a genetically modified (GM) product. ...

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Article

Factor Growth and Equalized Factor Prices

International Review of Economics and Finance (2008)

E. Kwan Choi

This paper considers two simple questions relating to the Heckscher–Ohlin model: (i) How does factor growth affect the terms of ...

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Article

North–South trade and income inequality

International Review of Economics and Finance (2007)

E. Kwan Choi

This paper investigates the effects of North–South trade on international income inequality. While empirical studies suggest that trade liberalization encourages ...

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Article

To outsource or not to outsource in an integrated world

International Review of Economics and Finance (2007)

E. Kwan Choi

This paper investigates outsourcing decision under certainty and uncertainty. When the production activity can be fragmented into two or more ...

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Article

Regulation of Nitrogen Pollution: Taxes versus Quotas

Journal of Agricultural and Resource Economics (1995)

E. Kwan Choi and Eli Feinerman

This paper investigates the effects of first-best policies to regulate nitrogen application. Some nitrogen fertilizer is applied ex ante before ...

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Article

Risk and Probability Premiums for CARA Utility Functions

Journal of Agricultural and Resource Economics (1993)

Bruce A. Babcock, E. Kwan Choi and Eli Feinerman

The risk premium and the probability premium are used to determine appropriate coefficients of absolute risk aversion under CARA utility. ...

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Article

Impacts and Incidence of Agricultural Commodity Programs

Economic Development and Cultural Change (1993)

E. Kwan Choi and Stanley R. Johnson

This paper analyzes the incidence of agricultural commodity programs. Producers advocate commodity programs and receive price subsidies, but free entry ...

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Article

Risk and Probability Premiums for CARA Utility Functions

Journal of Agricultural and Resource Economics (1993)

Bruce A. Babcock, E. Kwan Choi and Eli Feinerman

The risk premium and the probability premium are used to determine appro- priate coefficients of absolute risk aversion under CARA ...

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Article

The Leontief Paradox: Continued or Resolved?

Journal of Political Economy (1985)

Francois R. Casas and E. Kwan Choi

An important corollary of the Heckscher-Ohlin-Vanek model of international trade is that under balanced trade a country will be a ...

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Article

Welfare Reducing Trade and Optimal Trade Policy

CARD Working Papers (1998)

E. Kwan Choi and Hamid Beladi

In contrast to some trade theorists' long-held beliefs, this study shows that free trade reduces the welfare of a small ...

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Article

Modeling the Demand for food Safety and the Implications for ...

CARD Working Papers (1990)

E. Kwan Choi and Helen H. Jensen

The modern theory of demand which underlies much of economic analysis of consumer behavior is based on the premise that ...

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Article

Impacts and Incidence of Agricultural Commodity Programs

CARD Working Papers (1990)

E. Kwan Choi and Stanley R. Johnson

This paper analyzes the incidence of agricultural commodity programs. Producers advocate commodity programs and receive price subsidies, but free entry ...

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Article

Storage Subsidies and Supply Response

CARD Working Papers (1989)

E. Kwan Choi and William H. Meyers

This paper investigates the supply response to a storage subsidy. From the ex post sales decision problem we derive the ...

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Article

Stochastic Dominance and Uncertain Price Prospects

CARD Working Papers (1988)

E. Kwan Choi and Stanley R. Johnson

This paper develops rules for ordering uncertain price prospects. For consumers with identical ordinal preferences, we propose stochastic dominance rules ...

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Article

Input Price Uncertainty and Factor Demand

CARD Working Papers (1987)

S. Devadoss and E. Kwan Choi

A simple two-input and one-output model is used to examine the effects of variable input price uncertainty on a quasi-fixed ...

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Article

Demand Uncertainty and Price Stabilization

CARD Working Papers (1987)

E. Kwan Choi and Stanley R. Johnson

Price stabilization is an important policy goal of government intervention in competitive markets. These policies are primarily directed at raising ...

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Article

Uncertainty, Price Stabilization, and Welfare

GATT Research Papers (1992)

Eun Kwan Choi and Stanley R. Johnson

This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of ...

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Article

Optimal Trade Policies for a Developing Country under Uncertainty

GATT Research Papers (1991)

Eun Kwan Choi and Harvey E. Lapan

This paper investigates optimal trade policies for a developing, small open economy that faces international price uncertainly. Trade taxes are ...

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Article

Tariffication and Agricultural Trade

GATT Research Papers (1991)

Eun Kwan Choi

This paper considers the effects of tariffication-conversion of a variable import levy, widely used in the European Community, into an ...

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Articles (14)

CARD Publications (7)

GATT Publications (3)