The practical value of intuitive insights provided by innovative scholars drives much of the current development in applied welfare economics. This authoritative volume – prepared by leading researchers in the field – presents the most important articles that provide a foundation for applied...

Bruce L. Gardner was a giant in the agricultural economics profession. He was a brilliant academician, and had a major influence on U.S. farm policy over several decades and a number of presidential administrations. This special issue contains eight papers in his memory. One paper deals with the...

A beef import model is specified and estimated using disequilibrium econometrics. The statistical significance of the model suggests that disequilibrium has historically existed in the US beef import market. Surplus analysis based on the disequilibrium framework indicates that a welfare loss has...

Recommended readings (Machine generated): Paul A. Samuelson (1954), 'The Pure Theory of Public Expenditure', Review of Economics and Statistics, 36 (4), November, 387-9 -- Francis M. Bator (1958), 'The Anatomy of Market Failure', Quarterly Journal of Economics, LXXII (3), August, 351-79 --...