This paper demonstrates that the conventional Domestic Resource Cost (DRC) indicator is biased against factor-intensive, low-input techniques, and that a simple Social Cost-Benefit (SCB) ratio is generally a more appropriate measure of economic efficiency. The potential policy significance of...

Whether farmers form price expectations adaptively or in a forward-looking manner has implications for supply response analysis and for the implementation of agricultural policy reform. This paper examines the formation of price expectations by Kenyan export-crop farmers who market their produce...