Description
This text incorporates new information and devotes more time and space to the issues of agricultural industrialization and market structure likely to be faced by applied economists.
- Responds to a critical need to train students to work in the new world of agricultural markets
- Explicitly integrates empirical analysis of issues while maintaining the theoretical and practical issues of applied market analysis
- Places a high emphasis on market structure, imperfect competition, vertical coordination, contracting, etc., providing students with the necessary background to understand the new environment in which they will be expected to operate
- Includes some introduction to game theory with applications
- Contains practical examples, "key questions", exercises, and questions posed to students that can be used by instructors to stimulate classroom discussion.
About the Author
Darren Hudson is Professor of Agricultural Economics at Mississippi State University. He is currently Fellow for The Farm Foundation studying issues of globalization in agriculture, and has also served as Chair of the Food and Agricultural Marketing Policy Section of the American Agricultural Economics Association.
