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Author: Adam Ozanne
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
The law of supply is one of the simplest and most powerful predictions of neoclassical economic theory. However, like all theories, it is based upon a number of assumptions, departure from which may jeopardise its predictions. This book investigates such departures and the possibility that they may result in perverse supply response in agriculture.
Author: Earl Orel Heady
Publisher:
ISBN:
Category : Farm management
Languages : en
Pages : 328
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Book Description
Author: Adam Ozanne
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
The law of supply is one of the simplest and most powerful predictions of neoclassical economic theory. However, like all theories, it is based upon a number of assumptions, departure from which may jeopardise its predictions. This book investigates such departures and the possibility that they may result in perverse supply response in agriculture.
Author: Santeramo, Fabio Gaetano
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Social Science
Languages : en
Pages : 29
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Book Description
This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent types of elasticities most utilized in the literature. Next, it discusses the identi fication problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model. It summarizes various methodologies employed in the literature to solve this problem and gives practical examples. These solutions include, but are not limited to, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints in order to restrict the domain of estimates.
Author: Hossein Askari
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
Review the commonly pursued governmental agricultural policies, summarize and collate the results of some of the studies of peasant supply responsiveness. Identify the reasons for the different results across crops and countries and discuss the areas deserving further attention.
Author: John W. Goodwin
Publisher: Reston
ISBN: 9780879090203
Category : Business & Economics
Languages : en
Pages : 406
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Book Description
Agricultural economics defined; Our national economy - some basic choices; Our national economy - wealth, productivity, and income; Money and agricultural finance; The problems of agriculture and macroeconomic policy decisions; The economic setting of american agriculture; The economic history of american agriculture; The nature and scope of agricultural economics; Production of agricultural goods and the concept of supply; Consumption of agricultural products and the concept of demand; Supply, demand, and the role of market price; The concept of elasticity; Market structure: the conditions of competition; Price spreads, market levels, and marketing margins; Agricultural cooperation; Production management; Joint supply functions and derived demand; Budgeting: a management tool; The economics of land use and value.
Author: Harry Pelle Hartkemeier
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 88
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Book Description
Author: Pasquale L Scandizzo
Publisher: CRC Press
ISBN: 1000310221
Category : Science
Languages : en
Pages : 142
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Book Description
This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. Unless farmers properly take account of the correlation between prices and yields in forming their price forecasts, competitive markets will often be socially inefficient, leading to misallocation of resources. The authors demonstrate that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.Time-series data from various countries are used to test the hypothesis that market supply is influenced by the correlation of price and yield as well as by lagged market prices . The importance of market inefficiencies in risky situations is shown to, depend on the variability of yields, the nature of farmers'price forecasting behavior, the degree of private risk aversion,and the elasticity of demand. The authors suggest and evaluate three basic policy approaches governments may take when confronted with very inefficient markets--establishing production quotas, improving market information services, and implementing price stabilization schemes. They conclude by discussing implications of the study for the specification of agricultural supply models and for the economic appraisal of risky investment projects.
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 502
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Book Description
Author: R. McFall Lamm
Publisher:
ISBN:
Category : Food industry and trade
Languages : en
Pages : 24
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Book Description
Author: Jeffrey Thomas LaFrance
Publisher:
ISBN:
Category : Agricultural prices
Languages : en
Pages : 230
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Book Description
