Agricultural Product Prices - Hardcover

Tomek, William G.; Robinson, Kenneth L.

Hardcover

ISBN 10: 0801440939 ISBN 13: 9780801440939

Publisher: Cornell University Press, 2003

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 and demand and of the pricing institutions (such as auctions and futures markets) through which economic forces affect commodity prices.The book addresses four central topics: principles of price determination; price differences and variability; pricing institutions; and empirical price analysis. Numerous charts, graphs, and tables illustrate the authors' points throughout. The Fourth Edition of Agricultural Product Prices brings its subject into the twenty-first century with information and insights that can be applied to agricultural markets worldwide.

From the Inside Flap:

"Key findings in the literature of agricultural economics are expressed here in clear and concise prose. William G. Tomek and Kenneth L. Robinson have a keen sense for what's important, which is one reason why I find this book invaluable as a reference."--Henry W. Kinnucan, Auburn University

About the Author:

William G. Tomek is Professor Emeritus of Applied Economics and Management at Cornell University.