This outstanding text, a follow-up to the authors' award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economics and provides an essential reference for practitioners of applied welfare economics.

The idea for this book began in Sofia, Bulgaria in September, 1992 when we met to plot a course for our University Affiliations project which had been recently funded by the U.S. Infonnation Agency. We believed that worldng on the book would provide valuable learning experiences for all the cooperators, and that the book itself would make a useful contribution to understanding the economic transition process and its policy implications. We recognized that a project of this nature would require the skills and knowledge of many people. To those 34 additional contributors to this volume, and to the many other friends, colleagues, and experts who gave generous advice, we give our sincerest thanks. We also acknowledge with thanks the support of several organizations to a reality. Much of the that transfonned this book from an idea research reported here was a major part of an educational project funded by the University Affiliations Program of the U.S. Information Agency. The project linked the University of California, Berkeley, Wye College of London University, and the Research Institute of Agricultural Economics, Sofia, in a cooperative effort to improve the quality of policy analysis. The research provided hands-on experience necessary for effective teaching in this area.

The chapters collected here explore a number of different issues, including the operation of the tariff-rate quotas established under the Uruguay Round Agreement, the implications of sanitary and phytosanitary restrictions on trade, and the growing controversy over genetically modified organisms. In addition, several chapters analyze the interaction between agricultural trade and environmental concerns. The relative prosperity in U.S. agriculture that attended the passage of the Federal Agriculture Improvement and Reform Act of 1996 was followed by a general decline in U.S. agricultural prices from 1998 to 2000. This trend in declining prices continues through the year 2001, despite the movement toward more liberalized agricultural trade. Trade liberalization has been the result of a variety of factors, including the implementation of the Uruguay Round Agreement, and the establishment of a variety of regional trade agreements, such as the North America Free Trade Agreement. Needless to say, in the face of falling agricultural prices and increasingly liberalized agricultural trade, the agricultural policy scene is an extremely complex one, both locally and globally. This volume does not pretend to offer a single, systematic prescription for what the next agricultural policy should be. Rather, the arguments and analyses contained herein are intended to highlight several issues that must be considered in the continuing debates on agricultural policy.

Benefit-cost analysis reduces all of the impacts of a proposed policy change to a common unit of measurement. It is used in a wide variety of fields including agriculture, life and health, transportation and the environment.In this single volume the editors, both leading scholars in their field, present a judicious selection of previously published papers indispensable to the study of applied benefit-cost analysis. The comprehensive collection is an essential resource to scholars, researchers and policymakers alike.

Flexible Incentives for the Adoption of Environmental Technologies in Agriculture identifies and structures more flexible economic incentives for the achievement of environmental goals in agriculture. It provides a conceptual framework and presents case studies that analyze how flexible incentives can address environmental problems that are caused by agricultural production. The book brings together economists, agency personnel and political economists for the purpose of exploring how new cutting-edge economic tools could be developed and applied to environmental problems. The goal of the book is to complement and to expand the economic theory of environmental regulation and technology adoption with new research findings. The key theme of this book is the important role technology takes when addressing environmental problems. New technologies and technical development are broadly defined to include economic instruments, innovative ways to communicate environmental information, new economic institutions, and education. This book is designed for public and private policymakers, government analysts, teachers, researchers and students who specialize in the fields of natural resources, agricultural economics and environmental regulation. It provides a fresh perspective on what types of incentives may be used to lead us to the desired environmental outcomes and offers new ideas about the types of economic instruments that may achieve these outcomes.

This outstanding text, a follow-up to the authors' award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economics and provides an essential reference for practitioners of applied welfare economics.

Food insecurity can result from various events. When food is abundant, the entitlement to food is limited by endowments, the ability to trade, and potential transfers from family or the government. This volume utilizes a country and regional perspective to examine food insecurity. We consider the interaction between income and the share of household expenditures on food. The epidemiological risk assessment approach to food security issues is utilized as a function of agricultural and production, food distribution, and health policies. The interdependence of food security and climate change is examined. Overall trends in economic growth and poverty reduction, constraints and bottlenecks in agricultural productivity growth, regional trade agreements, and other influential policies are reviewed and discussed. We also consider food security as related to food consumption patterns and obesity. The role of income diversification as well as the impact of Farmer School Fields on food security are examined. The impact of inheritance and transfer entitlements is examined as we consider the role of remittances as well as 'ganyu' or casual labor in determining food security.

International trade agreements are central to food security. The links between trade and the four dimensions in food security (availability, access, utilization, and stability) are examined. Freer trade in agricultural products provides additional food security. This is bolstered by factors such as increasing the use of GMOs, reducing food waste, and increasing investment in research and development. Also important is the ability of poor people to obtain food in the presence of transportation bottlenecks. Since low-income households spend most of their money on food, policy makers need to be aware of the harm caused by high and volatile food prices. Thus, food security and poverty are very much linked. We provide an understanding of the meaning and measurement of food security and the impacts of government policies in poverty alleviation. In terms of investment in research and development, even with increased productivity, problems attached to food security will remain unless there are significant changes in global income distribution. Global food shortages are due more to the lack of purchasing power rather than lack of food supplies, with the food gap continuing to widen.

The practical value of intuitive insights provided by innovative scholars in the past drives much of the current development in applied welfare economics. This single volume presents the key works that serve as a basis for applied welfare economic practices, the major papers that develop the methodology of applied economic welfare measurement and some of the most exemplary applications in the fields of welfare work. This indispensable book is designed to provide students and scholars with a convenient single source of the essential foundations in applied welfare economics.

This book presents the results of a study undertaken by the Economic Council of Canada on the future of the Prairie grain economy in Canada. It deals with diversification of Prairie agriculture and how it was impacted by various policies, including the U. S.-Canada Free Trade Agreement.

Between 1961 and 1983, Turkish agriculture was subject to negative protection as a result of indirect measures, such as macroeconomic policies and industrial protection. Until the early 1980s, Turkey maintained an overvalued exchange rate, which served as an implicit tax on Turkish farmers. This policy was changed in 1982 when Turkey allowed its

World agricultural resources will be altered by climate change which will require both public and private actions. Global agriculture is affected by invasive alien pest and disease species and by severe weather such as sea-level rise flooding and drought. Rising sea levels will increase salinity in coastal groundwater and the loss of coastal wetlands. Drought will increase the vulnerability of forest ecosystems due to decreased soil moisture and increased evapotranspiration. Many changes will be needed to maintain global food security. Climate change will affect food supply and demand, as well as prices. Research and development have the potential to impact both supply and demand, especially through the adoption of biotechnology. Researching plant and animal breeding for multiple disease resistance against pathogens of global relevance has great evolutionary potential. One such program is aquaculture. Another problem is land constraints as rural and urban areas compete for land. For rural food-insecure households, land competition means necessary changes in production practices. Research and development investments could substantially decelerate food prices to prevent hunger and deteriorating living standards in rural households worldwide. Increasing food security will mean establishing dietary guidelines that alleviate the negative health and economic outcomes associated with malnutrition. It is highly questionable to aggregate all food items based solely on calories per kilogram content when not all calories are equal in their effect on health. Food security also includes increasing diet diversity while decreasing food waste and loss. It is imperative that actions be taken for a food-secure future.

This Handbook offers an up-to-date collection of research on agricultural economics. Drawing together scholarship from experts at the top of their profession and from around the world, this collection provides new insights into the area of agricultural economics. The Routledge Handbook of Agricultural Economics explores a broad variety of topics including welfare economics, econometrics, agribusiness, and consumer economics. This wide range reflects the way in which agricultural economics encompasses a large sector of any economy, and the chapters present both an introduction to the subjects as well as the methodology, statistical background, and operations research techniques needed to solve practical economic problems. In addition, food economics is given a special focus in the Handbook due to the recent emphasis on health and feeding the world population a quality diet. Furthermore, through examining these diverse topics, the authors seek to provide some indication of the direction of research in these areas and where future research endeavors may be productive. Acting as a comprehensive, up-to-date, and definitive work of reference, this Handbook will be of use to researchers, faculty, and graduate students looking to deepen their understanding of agricultural economics, agribusiness, and applied economics, and the interrelationship of those areas.

The chapters collected here explore a number of different issues, including the operation of the tariff-rate quotas established under the Uruguay Round Agreement, the implications of sanitary and phytosanitary restrictions on trade, and the growing controversy over genetically modified organisms. In addition, several chapters analyze the interaction between agricultural trade and environmental concerns. The relative prosperity in U.S. agriculture that attended the passage of the Federal Agriculture Improvement and Reform Act of 1996 was followed by a general decline in U.S. agricultural prices from 1998 to 2000. This trend in declining prices continues through the year 2001, despite the movement toward more liberalized agricultural trade. Trade liberalization has been the result of a variety of factors, including the implementation of the Uruguay Round Agreement, and the establishment of a variety of regional trade agreements, such as the North America Free Trade Agreement. Needless to say, in the face of falling agricultural prices and increasingly liberalized agricultural trade, the agricultural policy scene is an extremely complex one, both locally and globally.This volume does not pretend to offer a single, systematic prescription for what the next agricultural policy should be. Rather, the arguments and analyses contained herein are intended to highlight several issues that must be considered in the continuing debates on agricultural policy.

Flexible Incentives for the Adoption of Environmental Technologies in Agriculture identifies and structures more flexible economic incentives for the achievement of environmental goals in agriculture. It provides a conceptual framework and presents case studies that analyze how flexible incentives can address environmental problems that are caused by agricultural production. The book brings together economists, agency personnel and political economists for the purpose of exploring how new cutting-edge economic tools could be developed and applied to environmental problems. The goal of the book is to complement and to expand the economic theory of environmental regulation and technology adoption with new research findings. The key theme of this book is the important role technology takes when addressing environmental problems. New technologies and technical development are broadly defined to include economic instruments, innovative ways to communicate environmental information, new economic institutions, and education. This book is designed for public and private policymakers, government analysts, teachers, researchers and students who specialize in the fields of natural resources, agricultural economics and environmental regulation. It provides a fresh perspective on what types of incentives may be used to lead us to the desired environmental outcomes and offers new ideas about the types of economic instruments that may achieve these outcomes.

The idea for this book began in Sofia, Bulgaria in September, 1992 when we met to plot a course for our University Affiliations project which had been recently funded by the U.S. Infonnation Agency. We believed that worldng on the book would provide valuable learning experiences for all the cooperators, and that the book itself would make a useful contribution to understanding the economic transition process and its policy implications. We recognized that a project of this nature would require the skills and knowledge of many people. To those 34 additional contributors to this volume, and to the many other friends, colleagues, and experts who gave generous advice, we give our sincerest thanks. We also acknowledge with thanks the support of several organizations to a reality. Much of the that transfonned this book from an idea research reported here was a major part of an educational project funded by the University Affiliations Program of the U.S. Information Agency. The project linked the University of California, Berkeley, Wye College of London University, and the Research Institute of Agricultural Economics, Sofia, in a cooperative effort to improve the quality of policy analysis. The research provided hands-on experience necessary for effective teaching in this area.

This Handbook offers an up-to-date collection of research on agricultural economics. Drawing together scholarship from experts at the top of their profession and from around the world, this collection provides new insights into the area of agricultural economics. The Routledge Handbook of Agricultural Economics explores a broad variety of topics including welfare economics, econometrics, agribusiness, and consumer economics. This wide range reflects the way in which agricultural economics encompasses a large sector of any economy, and the chapters present both an introduction to the subjects as well as the methodology, statistical background, and operations research techniques needed to solve practical economic problems. In addition, food economics is given a special focus in the Handbook due to the recent emphasis on health and feeding the world population a quality diet. Furthermore, through examining these diverse topics, the authors seek to provide some indication of the direction of research in these areas and where future research endeavors may be productive. Acting as a comprehensive, up-to-date, and definitive work of reference, this Handbook will be of use to researchers, faculty, and graduate students looking to deepen their understanding of agricultural economics, agribusiness, and applied economics, and the interrelationship of those areas.

It is believed that the major countries of the former Soviet Union-specifically Kazakhstan, Russia, and Ukraine (KRU region)-are the part of the world with the most potential to increase food supplies and strengthen world food security. This book examines the future of the KRU countries in global agricultural markets and will examine a number of agricultural sectors, including meat, dairy, fruits, and vegetables. However particular attention is paid to the region's potential expansion of the grain sector and why the KRU region emerged during the 2000s as a major grain exporter, and its potential to further expand grain production and exports. It also examine the issues of environmental constraints and trade-offs for agriculture, sustainability, and the possible effects of climate change

Costing billions of dollars annually, international trade in agricultural products is impactful and influenced by several factors, including climate change, food policy, and government legislation. The third edition of Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour provides comprehensive economic analyses of the policies that affect agriculture and agribusiness in Canada and the United States. Looking at current agricultural policies, the third edition includes new chapters on food pyramids, climate change, and GMOs, while also highlighting the effect of international policies on Canadian trade, including the problematic US ethanol policy. The new edition addresses current issues, including how the COVID-19 pandemic has negatively affected agricultural value chains and played a hand in the ongoing growth in opioid use. Including a number of key findings, and discussing current debates on topics including foreign ownership of Canadian farmland, Agricultural Policy, Agribusiness, and Rent-Seeking Behaviour will appeal to students in agricultural economics and policy, as well as policymakers, agricultural firms, energy companies, and readers wishing to reduce their nation’s carbon footprint.