This paper develops a sequential game theoretic model of heterogeneous producers to examine the effect of cooperative involvement on process innovation activity in the agricultural input-supplying sector. Analytical results show that the involvement of an open-membership cooperative in process...

A common occurrence in many countries is that policy outcomes differ from the official objectives of the policy directives. A good example can be found in China. In 1994, the fertilizer market in China underwent a significant change. In response to strong complaints from farmers in a number of...

This paper introduces enforcement costs and farmer misrepresentation into the economic analysis of decoupled area payments. When enforcement is costly, complete deterrence of cheating is never optimal from an economic perspective. Misrepresentation changes the welfare effects of the policy...

This paper develops a sequential game theoretic model of heterogeneous producers to examine the effect of co-operative involvement on innovation activity in the agricultural input-supplying sector. Analytical results show that the co-operative involvement in R&D can be welfare enhancing and,...

This paper introduces misrepresentation and cheating into the policy analysis of output quotas and subsidies. Analytical results show that when cheating occurs output quotas are a less efficient means of income redistribution than is traditionally believed. As well, cheating increases the...

The purpose of this article is to examine the system-wide effects of the introduction of genetically modified (GM) products with and without labeling and to compare these two regimes to a third regime where GM products are not present either because they have not yet been developed or because...