Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...

The goal of this study is to assess the dynamics of rural households' labor market participation in the wake of China's efforts to develop rural labor markets in a manner that is conducive to its transition to a market economy. Based on a theoretical model that emphasizes the impact of duration,...

The increase of private labels in food retailing and retailers' high expenditures for establishing them raise one central question: Do consumers really consider private labels as "real" brands and develop loyalty towards them. We analyse a four year panel data set on frozen pizza purchases to...

The paper describes a two stage model of Hungarian households'Â food demand. Demand for the food aggregate is represented by a Working-Leser type single equation model while demand for seven distinct food types is modelled in a complete demand system using the LA/AIDS functional form....

Agricultural production is spread all over Turkey and the considerably different climatic and topographical conditions among the provinces lead to highly diversified agricultural production. Therefore, is it reasonable to assume an integrated market all over Turkey? The authors analyze spatial...

Reliable marketing opportunities in both interregional and international trade are an important precondition for further development of the agricultural sector. In this study we assess interregional integration of Kazakh wheat markets. We apply asymmetric threshold error correction models to...

Purpose The need for a universal rural pension system has been heightened by demographic changes in rural China, including the rapid aging of the nation’s rural population and a dramatic decline in fertility. In response to these changes, China’s Government introduced the New Rural Social...