The British Food Safety Act 1990 may significantly affect the structure of agribusiness. The most important aspect of the new act is the introduction of the “due diligence” defence clause. Food companies must prove that they exhibited due diligence in ensuring that food in their possession...

Bilateral monopoly situations where few sellers confront few buyers are an important legacy of the command system in the countries of the Commonwealth of Independent States. Both suppliers and buyers typically attempt to manipulate prices by distorting the market. The resulting quantity...