Brazil, a country with a population of more than 170 million, has embarked on a path to eradicate hunger and poverty. President Luiz Inácio Lula da Silva (commonly known as "Lula") declared as his goal to cut the number of hungry people to zero during his presidency. Poverty and hunger afflict...

The cost of operating the Food Security Commodity Reserve as a commodity reserve was compared with the cost of a cash reserve to purchase food aid supplies only in the period of need. Preliminary simulation results reveal the cash reserve to be less costly in almost all cases.

USDA's Economic Research Service estimates that about 33 percent of the developing world's people suffer from insufficient food intake. Growth in agricultural productivity is critical to improvements in food security. We will examine the impact of changes in acreage and fertilizer response on...

The theories of monopolistic competition and ¡°love for variety¡± contend that the differences in firms¡¯ prices and market shares arise from product differentiation, which is linked to firms¡¯ fixed costs. This paper reviews these theories and their implications for prices and market...