Agricultural product prices

Tomek, William G.

Agricultural product prices - 4th ed. - Ithaca, N.Y. : Cornell University Press, 2003. - xix, 428 pages : illustrations ;

Includes index.

1. Introduction --
pt. I. Principles of Price Determination --
2. Demand for Agricultural Products --
3. Demand Elasticities and Related Coefficients --
4. Supply Relationship in Agriculture --
App. Product Prices, Factor Prices, and Factor Use --
5. Price Determination: Theory and Practice --
App. Price Discrimination --
pt. II. Price Differences and Variability --
6. Marketing Margins --
App. Marketing Margin Model --
7. Price Differences Associated with Quality --
8. Spatial Price Relationships --
App. A Simple Spatial Equilibrium Model --
9. Price Variation through Time --
App. I. Simple Seasonal Model --
App. II. An Elementary Cobweb Model --
10. General Farm-Nonfarm Price Relationships --
App. Price Indexes --
pt. III. Pricing Institutions --
11. Mechanisms for Discovering Prices --
App. Tariffs and Prices --
12. Price Relationships on Commodity Futures Markets --
13. Functions of Commodity Futures Markets --
App. Optimal Hedges --
pt. IV. Introduction to Empirical Price Analysis --
14. Background for Price Analysis --
App. Modeling the Variance of Prices --
15. Using and Evaluating Results --
App. Appraising Turning-Point Errors --
Applications.


"In an excellent synthesis of theory and measurement as they relate to agricultural prices, William G. Tomek and Kenneth L. Robinson set out principles for understanding the operation of markets for agricultural products. This heavily revised and updated edition of a classic in the field applies microeconomic theory to the operation of agricultural product markets, covering the distinctive features of their supply

9780801440939 0801440939


Farm produce
Agricultural prices

338.13 / TOM

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