"Food policy often depends on markets and markets depend on institutions. But how good do institutions have to be before reforms can be launched? Relying on well timed surveys of agricultural prices and a joint study by the Government of Bulgaria and the World Bank on agricultural market...

"The scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital. This is especially true in the case of the Kyoto Protocol with its provisions for trade and...

Interventions in sugar markets come about for many reasons. Often the consequences of these policies persist even when the circumstances that motivated them change. Or the underlying problems that motivated past interventions remain even when it's clear that current approaches have failed....