Serious attention has always been bestowed on the stability of food markets. The government has acted on these issues through intervention on food prices that more or less creates distortion. These have been observed on U.S. and Japan. This paper develops a spatial-temporal equilibrium model for...

During the period 1966/67–1984/85, the United States market share in the global wheat trade averaged 41 per cent. Recently, this percentage has declined considerably after a period when the US agricultural sector expanded rapidly to meet the needs of growing world markets. The US market share...

Unlike the work by Hayami and Ruttan in the 1970s, this study utilizes frontier meta- production functions to study intercountry agricultural productivity differences. Technical efficiency differences are examined through estimation of deterministic and stochastic frontiers for 43 countries over...