Professor GianCarlo Moschini received a $407,593 grant from the US Department of Agriculture's National Institute of Food and Agriculture. Moschini's project, for which Ed Perry of Kansas State University will serve as a co-project director, will develop conceptual and empirical models of the US agrochemical market as an imperfectly competitive differentiated product industry. The research will permit analyses of several policy-relevant questions, including a characterization of the extent of market power in the industry and its evolution over time, the pricing and welfare consequences of mergers and industry consolidation, the competitive effects of patent expiration, and the impacts of possible bans (or taxes, or restrictions) on individual pesticide products.