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Export Subsidies and Profit-Shifting in Vertical Markets Ian M. Sheldon, Daniel H. Pick, and Steve McCorriston Elsewhere No. (0225), September 2002 This paper examines the effects of export subsidies on the production system consisting of agricultural commodity production and intermediated and final good processing. The effects of the subsidies on profit shifting are analyzed. Keywords: Export subsidies, profit-shifting, and vertical markets Get this Document in Adobe Acrobat PDF format. web administration: webadmin@ers.usda.gov page updated: July 11, 2003

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