The study evaluates the efficiency of government intervention using a vertical structured model including imperfectly competitive agricultural input markets, the bread grain market, and the imperfectly competitive food industry. To test for policy efficiency the actually observed bread grain...

This analysis is concerned with the direct impacts of the regulation of food markets under SACU on food security in the BLS countries. There are two basic rules in SACU determining trade in food and non-food products (Ettinger, 1974; Maasdorp, 1986). The first of these is that common tariffs exist...