This paper examines the role of price incentives in the observed decline in cotton production during the 1980s and in the apparent improvement in recent years. The following determinants (in an accounting sense) of the changes in the relative producer price of cotton during 1980-92 are...

This paper explores the effect of transaction costs on aggregate supply and demand and marketed surplus. A five-good non-separable household model is used to illustrate the effect of transaction costs on a generic African household. Then, the paper examines the aggregate behavior of a market...

Those who study global poverty and ways to reduce it face a perennial set of questions: Do advances in knowledge, research, and technology make a real difference in the lives of poor people? What effect does research have on the poor? Who benefits? The contributors to Agricultural Research,...