The lens used by the courts and much of the antitrust literature on predatory selling and/or buying is based on partial equilibrium methodology. We demonstrate that such methodology is unreliable for assessments of predatory monopoly or monopsony conduct. In contrast to the typical two-stage...

Part 1. Gordon Rausser: Scholar, Leader and Entrepreneur -- Chapter 1. On the Essence of Leadership: Lessons from Gordon Rausser -- Chapter 2. Scholar, Entrepreneur and Editorial Innovator -- Chapter 3. Gordon Rausser: Impacts on the World Food System -- Chapter 4. Gordon Rausser and the...

The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent. This paper reviews and synthesizes...

Volume 2B. Part 5: Agricultural and Food Policy. The incidence of agricultural policy (J.M. Alston, J.S. James). Information, incentives, and the design of agricultural policies (R.G. Chambers). Market failures and second-best analysis, with a focus on nutrition, credit, and incomplete markets...