Agricultural commodity markets in developing countries are characterized by high transaction costs and risks that reduce trade flows among spatial markets. We examine whether institutionalized agricultural commodity exchange markets reduce transaction costs and hence spatial price dispersion...

Using a simple market model and Frisch's duality relation, this report develops propositions about the relationship between advertising and the market demand elasticity that may prove useful in empirical research. In particular, we find that a parallel shift in a linear demand function always...

We develop a financial-contracting theory of the cooperative firm where production requires three generic tasks: working, managing, and monitoring. Workers provide an intermediate input (or labor directly); managers convert the workers' input into a final output; and directors monitor managers....

Knowledge is the basis of shaping new social awareness that includes ecological and sustainable development awareness. Acquiring, processing and using knowledge in different undertakings is at the core of all actions performed by any human being. There is a necessity of constant education of...

Consolidation and increased concentration in the agrifood sector over the past two decades, combined with an increased use of alternative marketing agreements in the poultry and livestock industries, have fueled concerns of anti-competitive behavior among large agribusinesses such as the major...

This is a different approach to the subject of sustainability which suggests: 1) that certain activities are inherently unsustainable; 2) that sustainability be defined with regard to a basic level of technology, economy, and demand; 3) that sustainability can be better managed by looking at the...