There are two explanations for agricultural price dynamics. One follows cobweb logic and
models fluctuations driven by expectation errors but emphasises that these expectations …

4. Fundamentals of modeling agricultural production 4.1. Structural concepts and efficiency
of production 4.2. The purpose of characterizing production efficiency 4.3. Functional …

The Welfare Economics of Public Policy is a great book that should be of interest to all
economists interested in applied welfare analysis. It is a good reference book for economists …

This study estimates a worldwide aggregate supply response for key agricultural
commodities—namely, wheat, rice, corn, and soybeans—by employing a newly developed …

Crop insurance premium subsidies affect patterns of crop acreage for two reasons. First,
holding insurance coverage constant, premium subsidies directly increase expected profit …

This article examines the price discovery performance of futures markets for storable and
nonstorable commodities in the long run, allowing for the compounding factor of stochastic …

A large literature has assessed the impacts of climate change on agricultural production by
estimating reduced‐form models of crop yields conditionally on weather and individual fixed …

We analyze the determinants of global crop production for maize, wheat, rice, and soybeans
over the period 1961–2013. Using seasonal production data and price change and price …

A major task of our time is to ensure adequate food supplies for the world's current
population (now nearing 7 billion) in a sustainable way while protecting the vital functions …

Volume 3 of this series of the Handbooks in Economics follows on from the previous two
volumes by focusing on the fundamental concepts of agricultural economics. The first part of …