Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

This discussion paper summarizes important points from other Babcock Institute discussion papers dating between 2002 and 2006. The author pulls out points from what he feels are important discussion papers and relates them to the U.S. dairy industry.

Land reform and farm restructuring have always been a major component of the transition from plan to market in all formerly socialist countries, and especially in the 12 former Soviet republics forming the Commonwealth of Independent States (CIS). Ukraine, the second most populous country in CIS...

The purpose of this study was to identify the factors influencing productive activities of the Korean rural elderly. Utilizing data from the 2004 survey "Living Profile and Welfare Service Needs of Older Persons in Korea," this study predicted the productive activities of the rural elderly. All...

Le présent travail évalue d'une part la structure des coûts de transaction des principaux produits commercialisés au Togo (maïs, sorgho, oignon, gari, tomate, poisson, volaille et gros bétail), et d'autre part le niveau de l'intégration du marché de maïs qui est devenu le produit...

This report is the second chapter of the final report prepared by the Federal/Provincial/Territorial (FPT) Working Group (WG) on Economic Analysis at the request of FPT Assistant Deputy Ministers (ADMs), in a joint FPT effort to study the challenges and opportunities facing the agriculture and...

This paper investigates the presence of career incentives in arm's-length contracts between wine-grape farmers and wineries in Chile. We observe explicit incentives in pay-for-performance provisions that depend on measurable characteristics of grape quality, and we test for the presence of...

This paper analyzes the capacity of Nicaragua's dairy industry to expand domestic dairy product sales and exports profitably. The paper (a) presents information on traits of Nicaragua's dairy industry that influence domestic and export market expansion capabilities, and (b) benchmarks...

An die russische Agrarreform der 1990er Jahre knüpfte sich die Erwartung, dass entsprechend der Erfahrung in westlichen Staaten landwirtschaftliche Familienbetriebe (Fermer-Betriebe) an die Stelle der staatlichen GroÃbetriebe treten und einen Aufschwung in der russischen Landwirtschaft...

This study analyzes the climate change and economic impacts of food waste in the United States. Using loss-adjusted national food availability data for 134 food commodities, it calculates the greenhouse gas emissions due to wasted food using life cycle assessment and the economic cost of the...