Agricultural Markets and Prices / Edition 1by Darren Hudson
Pub. Date: 10/28/2006
Agricultural markets have changed rapidly in recent years, and while standard treatments of price analysis are still relevant, there is a critical need to train students to work in the new world of agricultural markets. This text incorporates new information and devotes more time and space to the issues of agricultural industrialization and market structure likely… See more details below
Agricultural markets have changed rapidly in recent years, and while standard treatments of price analysis are still relevant, there is a critical need to train students to work in the new world of agricultural markets. This text incorporates new information and devotes more time and space to the issues of agricultural industrialization and market structure likely to be faced by applied economists. At the same time, it more explicitly integrates empirical analysis of issues while maintaining the theoretical and practical issues of applied market analysis.A greater focus on and integration of empirical techniques make this book readily usable for instructors who wish to incorporate data analysis in their courses. This text also places a heavier emphasis on market structure, imperfect competition, vertical coordination, contracting, etc. Providing students with the necessary background to understand the new environment in which they will be expected to operate, including some introduction to game theory with applications, this book is indispensible reading for both upper-level undergraduates and graduate students. Chapters on more advanced techniques such as survey design and conjoint analysis are also included. A combination of practical examples used to make key points, "key questions" for review purposes, exercises, and questions posed to students that can be used by instructors to stimulate classroom discussion make this the text to grow with the changing nature of agricultural markets.
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Table of Contents
Part I: Models and Analysis of Perfectly Competitive Markets:.
1. Market Demand.
2. Market Supply.
3. The Market.
4. Marketing Margins.
5. Stocks and International Markets.
6. Price Variation Across Space.
7. Price Variation Through Time.
8. Product Quality.
9. Futures Markets.
Part II: Imperfect Competition, Market Structure, and Market Analysis:.
11. Strategic Interaction.
12. Imperfect Competition.
13. Vertical Coordination and Contracting in Agriculture.
Part III: Advanced Techniques with Surveys and Experimental Economics:.
14. The Basics of Survey Design.
15. Individual Utility Estimation and Conjoint Analysis.
16. Experimental Methods.
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