The literature on contests has focused primarily on the technology of the contest and perfectly divisible private rewards valued at a constant rate. This paper extends the analysis by explicitly modeling tastes in contests over pure public goods. Since the prize is embodied in a good, its value...

Under the current mixed system of planning and markets in the Chinese urban consumption sector, marginal decision rules in market economies are directly applicable. The demand functions in such mixed system involve not only market prices and income but also the state prices and quotas. Besides...

With passage of the Food Security Act of 1985 (FSA85), Congress and the Administration set in motion the largest set of conservation measures since the inception of federal soil conservation programs. Although the FSA85 also has sodbuster, swampbuster, cross compliance and conservation easement...

Concern is growing throughout the United States about environmental and health risks associated with the use of agricultural chemicals. In response to these concerns, public policies designed to alter farming practices and the use of agricultural chemicals are being proposed and implemented. In...

This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. For example, the European Community can be treated as a small open economy facing price instability of agricultural products originating in...

The livestock and dairy industries are consolidating and concentrating within confined geographical areas. Accompanying these structural adjustments that are under way in the dairy and livestock industries is the potential for increased point and nonpoint source pollution problems from animal...

Concern about environmental impacts of nitrogen fertilizer use is increasing. Mainstream agriculture is dependent on nitrogen fertilizer and use patterns are polluting water resources. A five cent tax on nitrogen fertilizer is shown to have three benefits. National nitrogen fertilizer use is...

The Japanese pork market is protected by a complex set of restrictions, including a variable levy and an import tariff. The combination of these policies distorts the quantity, price, and form of Japanese pork imports. An important issue relevant to the liberalization of the Japanese pork market...

Strategic trade in international markets is important for agricultural and other basic commodities. State trading companies (STCs) and large private firms control most of the trade volume. In this study the authors use concepts of modern game theory to treat time inconsistency issues associated...