We evaluate the importance of the competitiveness and productive efficiency of the food processing sector for predicting policy outcomes, and the sector's performance under selected government interventions. Our model is based on firm-level decisions and focuses explicitly on the effects of...

The EU has argued that some agricultural subsidies are needed to provide the optimal amount of externalities (both positive and negative) produced by agriculture. The argument is that agriculture is "multifunctional" and externalities such as rural development and landscape would be...

The impressive growth in land conservation by the private sector, primarily by land trusts, has resulted from a number of policies that subsidize such activity. These include federal income and estate tax benefits, and state income and property tax benefits. We model the equilibrium in the...

Production contracts are increasingly important in American agriculture. Unfortunately, little is known about the fundamental forces governing their adoption and design. In order to better-understand the underlying incentives, we construct and test an agency-theoretic model of broiler production...