Two key developments affected Thai agriculture in the last decade: the precipitous decline (until 1988) in world prices for the major agricultural items exported by Thailand, and the decline in the amount of cultivable land available for each agricultural worker. During this same period the Thai...

Since full economic liberalization is not generally feasible, getting the prices of selected agricultural markets "right", involves optimal price distortions. A methodology is developed for calculating the second-best output price in a particular market by incorporating externalities, government...