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Foundations of Agricultural Market Analysis and Agricultural Policy

Authors:
Publisher:
 2020

Summary

Ulrich Koester researches and teaches at the Institute for Agricultural Economics at the Christian-Albrechts-University of Kiel, Germany. He has been a member of the Scientific Advisory Board of the Ministry of Food, Agriculture and Forestry for over 20 years. Moreover, he gained experience working with the International Food Policy Research Institute in Washington D.C. and with numerous international organizations, including the World Bank, FAO, the European Commission, the European Parliament and the European Court of Auditors. His teaching experience is based on courses taught at more than ten universities in general economics and agricultural economics.

Part I of the book lays the theoretical foundations for understanding price formation in product and factor markets. In addition to neoclassical theory, institutional economics is of particular importance. Part II presents and evaluates agricultural policy with special reference to the EU, whereby the evaluation framework goes beyond the usual welfare theory analysis. The book is also a valuable aid for students of economic policy, especially because of its detailed evaluation of individual agricultural market policy instruments. The book is aimed at students at universities, technical colleges as well as politicians interested in rational agricultural policy making.

Bibliographic data

Copyright year
2020
ISBN-Print
978-3-8006-6364-4
ISBN-Online
978-3-8006-6350-7
Publisher
Vahlen, München
Language
English
Pages
440
Product type
Book Titles

Table of contents

ChapterPages
  1. Titelei/Inhaltsverzeichnis No access I - X
    1. 1.1 Concept, delimitation and tasks of the “agricultural market analysis and agricultural policy” No access
    2. 1.2 Structure of the book No access
      1. 2.1 Classification of Agricultural Products No access
        1. 2.2.1 Importance of consumer behavior No access
        2. 2.2.2 Determinants of demand for rational behavior No access
      3. 2.3 Special characteristics of food demand for conventionally produced products, in the case of experience and credence goods No access
      4. 2.4 Special characteristics of demand for ecologically produced food No access
      5. 2.5 Demand for means of production of agricultural origin No access
      6. 2.6 Policy issues No access
        1. 2.6.2 Divergence between private and social marginal willingness to pay No access
        2. 2.6.3 Problem of demand for environmental goods No access
        3. 2.6.4 Divergence between market prices and macro economic shadow prices No access
        4. 2.6.5 Transaction costs No access
      1. 3.1 Determinants of the Supply of Agricultural Products No access
      2. 3.2 The Concept of the Supply Curve in the Objective of Profit Maximization No access
      3. 3.3 Elasticity analysis No access
      4. 3.4 Determinants of change in the supply over time No access
        1. 3.5.1 Alternative targets No access
        2. 3.5.2 Target restrictions No access
        3. 3.5.3 Relevance of transaction costs No access
        4. 3.5.4 Divergences in production No access
      1. 4.1 Classification of markets No access
      2. 4.2 Product and factor pricing with complete competition No access
      3. 4.3 Product and factor pricing in monopolies No access
        1. 4.4.1 Determinants of the development of product price relations No access
        2. 4.4.2 Determinants of the relation between producer and consumer prices No access
        3. 4.4.3 Determinants of interregional price differences No access
        4. 4.4.4 Determinants of the intertemporal price relations No access
        1. 4.5.1 Cyclical fluctuations in agricultural prices No access
        2. 4.5.2 Random fluctuations in agricultural prices No access
      6. 4.6 Importance of transaction costs for price formation No access
        1. 4.7.1 Price mechanism and macroeconomic optimum with full competition No access
        2. 4.7.2 Alternative decision-making mechanisms No access
      8. 4.8 The importance of deficiencies in information for the development of agricultural prices No access
      1. 5.1 The problems of agriculture No access
      2. 5.2 Food security concerns No access
      3. 5.3 Agricultural income No access
      4. 5.4 Efficiency in agriculture No access
      5. 5.5 Stability of markets No access
      6. 5.6 Food safety concerns No access
      7. 5.7 Environmental concerns No access
      8. 5.8 A model of the decision-making process No access
      9. 5.9 Constraints on policy makers No access
      10. 5.10 Instruments applied No access
      11. 5.11 Import regulations No access
      12. 5.12 Export regulations No access
      13. 5.13 Domestic market regulations No access
      14. 5.14 Rural development policy: The case of the European Union No access
      15. 5.15 Conclusion No access
      1. 6.1 Possible contribution of scientists to the setting of agricultural policy objectives No access
      2. 6.2 Importance of objective variables’ development for the evaluation of the practical agricultural policy No access
      3. 6.3 Officially declared objectives of agricultural policy in the FR of Germany and the EU No access
        1. 6.4.1 Definition and scope of action No access
        2. 6.4.2 Decision-makers relevant to agricultural policy at EU level No access
        3. 6.4.3 Problems of having a large number of agricultural policy makers No access
        1. 7.1.1 Reasons for policy changes No access
        2. 7.1.2 Price and quantity effects No access
        3. 7.1.3 Classification from the perspective of Ordnungspolitik (regulatory classification) No access
        4. 7.1.4 Welfare effects No access
        5. 7.1.5 Distribution effects No access
        6. 7.1.6 Budgetary effects No access
        7. 7.1.7 Effects on international trade No access
        8. 7.1.8 Administrative feasibility No access
      2. 7.2 Reasons for, and problems of, lack of clarity in assessment No access
        1. 7.3.1 Systematics of the use of agricultural policy instruments No access
        2. 7.3.2 Impact analysis of selected instruments of foreign trade regulations No access
        3. 7.3.3 Impact analysis of selected instruments for domestic regulation No access
        1. 8.1.1 Income distribution effects No access
        2. 8.1.2 The political power of interest groups No access
        3. 8.1.3 Society’s social preferences No access
        1. 8.2.1 The importance of the initial situation No access
        2. 8.2.2 The importance of the domestic supply situation and the level of government expenditure No access
        3. 8.2.3 The importance of the relative income situation in agriculture No access
        1. 8.3.1 The importance of the domestic supply situation No access
        2. 8.3.2 The importance of supply and demand elasticities No access
        1. 8.4.1 The importance of products’ storage capability No access
        2. 8.4.2 The importance of being able to introduce quotas No access
        3. 8.4.3 Preference for less transparent measures No access
        4. 8.4.4 Delay in the application of appropriate measures No access
        5. 8.4.5 Preference for instruments with quick effects No access
        6. 8.4.6 Preference for measures that increase the intensity of regulation No access
        1. 8.5.1 Actors in EU agricultural market policy No access
        2. 8.5.2 Institutions in the common agricultural policy No access
        3. 8.5.3 Political-economic explanation and the real development of EU agricultural market policy No access
        1. 9.1.1 The basic principle of “market unity” No access
        2. 9.1.2 The basic principle of ‘Community preference for agricultural products’ No access
        3. 9.1.3 The basic principle of ‘financial solidarity’ No access
      2. 9.2 Development of EU agricultural market policy No access
      3. 9.3 Perspectives of the EU agricultural market policy as seen in 2005 No access
      1. 10.1 Financial forces due to the exit of the UK as a member of the EU No access
      2. 10.2 The impact of past decisions and the decision rule No access
      3. 10.3 The problem of direct income support linked to agricultural land No access
      1. 1.1 Empirical and actual Information No access
      2. 1.2 Overall references No access
    2. Chapter 1: Introduction No access 421 - 421
    3. Chapter 2: The Demand for Agricultural Products No access 422 - 422
    4. Chapter 3: The Supply of Agricultural Products No access 423 - 423
    5. Chapter 4: Agricultural Price Formation No access 423 - 424
    6. Chapter 5: Agricultural Markets as a Policy Problem No access 425 - 425
    7. Chapter 6: Objectives of Agricultural Policies and Actors No access 426 - 426
    8. Chapter 7: Instruments of Agricultural Policies No access 426 - 427
    9. Chapter 8: Political Economy of Agricultural Policy: Why is the Policy as it is? No access 428 - 429
    10. Chapter 9: Principles of EU Market Organizations: Development and Perspectives No access 430 - 431
    11. Chapter 10: Epilog No access 432 - 434
  6. Index No access 435 - 440

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