Simulations are widely used to teach economic principles and to provide students experience in decision making. This paper describes and evaluates a simulation exercise that helps students understand public policy impacts in a multistage market. Student teams of producers, marketers, and...

Market structure has implication for research policies. The public sector reduced its support for technological change for poultry relative to beef and pork after poultry became integrated. However, market integration causes private sector research to be below the optimal level from society's...