This text incorporates new information and devotes more time and
space to the issues of agricultural industrialization and market
structure likely to be faced by applied economists.
Responds to a critical need to train students to work in the new
world of agricultural markets
Explicitly integrates empirical analysis of issues while
maintaining the theoretical and practical issues of applied market
analysis
Places a high emphasis on market structure, imperfect competition,
vertical coordination, contracting, etc., providing students with
the necessary background to understand the new environment in which
they will be expected to operate
Includes some introduction to game theory with applications
Contains practical examples, "key questions," exercises, and
questions posed to students that can be used by instructors to
stimulate classroom discussion.
General
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