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Agricultural Product Prices

Amazon.com Price: $51.75 (as of 08/05/2019 17:24 PST- Details)

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Published ceaselessly since 1972, Agricultural Product Prices has turn into the usual textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The brand new fifth edition uses up-to-date information and models to provide an explanation for the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and the world over) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior).

William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets after which apply these principles to the quite a lot of dimensions of price behavior. Additionally they provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis at the challenges of doing high-quality, useful analyses and interpreting results.

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