Bilateral monopoly situations where few sellers confront few buyers are an important legacy of the command system in the countries of the Commonwealth of Independent States. Both suppliers and buyers typically attempt to manipulate prices by distorting the market. The resulting quantity...

While almost all of the investment in agricultural biotechnology to date has been in temperate crops suitable for developed countries, developing countries are the greatest potential beneficiaries of this major technological advance. To realise this potential requires investment in crops...