This paper outlines DEBET (Decision Based Economic Theory), a method for determining revealed preferences of governments. DEBET is applied to US wheat policy decisions in the 1980s. This method has a number of advantages over alternative approaches to the analysis of revealed preferences of...

Since World War II barriers to international trade in industrial commodities have been reduced while barriers to agricultural commodity trade have become more severe. During the last several decades the world has experienced cycles of "food pessimism" and "food optimism." Nevertheless, as a...