Important advancements in agricultural economics have combined the insights of the economic discipline and its analytical paradigm with the practical and scientific knowledge of agriculture. We discuss advancements made in the areas of production and marketing, the characteristics of...

Volume 2B. Part 5: Agricultural and Food Policy. The incidence of agricultural policy (J.M. Alston, J.S. James). Information, incentives, and the design of agricultural policies (R.G. Chambers). Market failures and second-best analysis, with a focus on nutrition, credit, and incomplete markets...

Volume 1B. Part 2: Marketing, Distribution and Consumers. Agricultural commodity markets: spot, futures, options, forward contracts and derivatives (J. Williams). Storage and price stabilization (B. Wright). Food processing and distribution: an industrial organization approach (R.J. Sexton, N....