We use line integral theory to lay out in a more general theoretical framework the conditions under which it is possible to measure with market data the welfare effects of a change in a nonmarket good. We present in detail a numerical method of measuring the value of nonmarket goods using market...

Vietnam has rapidly become one of the three largest rice exporters in the world, in spite of a binding export quota. This article uses a multimarket spatial-equilibrium model to examine the effect of further liberalization on regional rice prices. Household data are then used to calculate the...

The food price crisis of 2007–2008 and recent resurgence of food prices have focused increasing attention on the causes and consequences of food price volatility in international food markets and the developing world, particularly in sub-Saharan Africa. In this paper, we examine the patterns...

National decision makers must understand the degree to which their country and population groups within it are exposed to the negative effects of higher global food prices or could exploit new economic opportunities offered by higher prices. This paper provides a conceptual overview of the range...