The purpose of this paper is to theoretically investigate the potential benefits that arise from a cooperative selling a government subsidized area-yield contract (i.e., the Group Risk Plan). The indeminities in area-yield contracts are triggered by a geographically determined yield (e.g., a...

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...

The 1960s through the 1980s were very productive of new theory and empirical insight into the sources of technical change. In this paper I argue that each of the three approaches that have been advanced--induced technical change, evolutionary theory and path dependence--is approaching a dead...