Agricultural Markets: Mechanisms, Failures and Regulations / Edition 1

by D. Martimort

Overview

This volume aims at covering the variety of issues lying at the intersection of the modern theory of Industrial Organization and of the more traditional Agricultural Economics. The book is divided into three main sections. Each of them includes contributions which are particularly relevant for a better understanding of one or several of the following key issues: the organization of agriculture and its mechanisms, the extent of the market power in agri-food industries and, more generally, the failures of agricultural markets, and finally the nature of government's intervention in these markets.

Product Details

ISBN-13:	9780444824813
Publisher:	Emerald Group Publishing Limited
Publication date:	06/05/1996
Series:	Contributions to Economic Analysis , #234
Pages:	496
Product dimensions:	6.14(w) x 9.21(h) x 1.10(d)

Table of Contents

Introduction. The Economic Organization of Agriculture. Reflections on the economic organization of agriculture: Traditional, modern, and transitional (M. Nerlov). The transaction cost approach to agricultural contracts (D.W. Allen, D. Lueck). Divide and conquer price discrimination in entry games with strategic buyers (R. Innes, R.J. Sexton). Establishing vertical strategic alliances: Case studies and heuristics (W.H. Howard, E. van Duren, H. McKay). Why do firms simultaneously purchase in spot and contract markets? Evidence from the United States steam coal market (F.A. Wolak). The Extent of Market Power in Agri-Food Industries. Dynamic models of oligopoly in rice and coffee export markets (L.S. Karp, J.M. Perloff). New estimates of welfare and consumer losses in U.S. food manufacturing (J.M. Connor, E.B. Peterson). Explaining the causal relationship between farm and retail prices (G.J. Holloway, T.W. Hertel). Cartel quotas under majority rule (J. Cave, S.W. Salant). Government Intervention in Agriculture. Incorporating industrial organization into agricultural trade modelling (S. McCorriston, I.M. Sheldon). Gatt agricultural policy reform: A United States perspective (G. Rausser). Trade and storage (R.W. Anderson). Environmental policies and induced innovation: The case of agriculture (D.G. Abler). Guilty until proven innocent - regulation with costly and limited enforcement (J.E. Swierzbinski).

Editorial Reviews

From a perspective at the intersection between modern theories of industrial organization and more traditional agricultural economics, confronts a variety of issues relating to the organization and mechanisms of agriculture, the extent of the market power in agri-food industries, the failures of agricultural markets, and the nature of government intervention in those markets. They include the transaction cost approach to agricultural contracts, dynamic models of oligopoly in rice and coffee export markets, and the impact of environmental policies and induced innovation on agriculture. The 15 papers comprise the proceedings of an October 1993 conference in Toulouse, France. No index. Annotation c. by Book News, Inc., Portland, Or.

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