This paper presents a model of economic behavior that explicates the phenomenon known as “orderly marketing,†which was a main objective of the Marketing Orders agricultural program introduced early in the New Deal. Recent analyses of marketing orders start with an implicit assumption...

Recent literature suggests that the value of land may increase faster than the value of depreciable assets when inflation increases. Here, we affirm that result for the specific conditions facing agriculture-where the supply of agricultural land is nearly perfectly inelastic and the supply of...

Malawi ist ein Land maisanbauender Kleinbauern. Beim Maisanbau werden vom gleichen Bauern oft sowohl traditionelle Maissorten, als auch moderner, ertragreicher Hybridmais ausgesät. Die Autoren untersuchen, warum dies der Fall ist, welche Gründe die Bauern zu dieser auf den ersten Blick...