Should Global Agriculture Be Liberalized? - Theories, Models and Realities

Informationen zum Autor Jean-Marc Boussard, Françoise Gerard, Marie-Gabrielle Piketty Zusammenfassung According to standard economic theory and modelling, liberalizing agriculture will result in important welfare gains. Because of price volatility, an alternative model, based in general disequilibrium in the Wicksellian tradition, provides much less optimistic conclusions, actually supported by the evolution of the world agricultural system. Inhaltsverzeichnis Introduction I. What can be Expected from the Liberalization of Agricultural Trade?: Ricardo's Parable; Risk Aversion; The Law of Large Numbers and Market Stabilization II. Theoretical Criticism of Agricultural Liberalism: Galiani; The Notion of Demand Elasticity; Algebraic Expressions of the Cobweb Theorem III. The Test of Facts IV. Designing an Economic Model for International Trade: The CES Function; "First-order Conditions"; The LES Function and Consumer Behavior; The GTAP Database V. How can Theory and History be Introduced in a Standard Model?: The Markowitz Model VI. A Choice of Results VII. Could We Do Better?: The Algebra of Futures Markets VIII. Recent Developments Conclusion

Product details

• Authors: Jean-Marc Boussard, Jean-Marc Gerard Boussard, Boussard Jean-Marc, Franaoise Gerard, Francoise Gerard, Françoise Gerard, Marie-Gabrielle Piketty, Piketty Marie-Gabrielle
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 10.01.2008
• EAN: 9781578085422
• ISBN: 978-1-57808-542-2
• No. of pages: 175
• Subjects: Social sciences, law, business > Business > International economy; BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Industries / Agribusiness, BUSINESS & ECONOMICS / Industries / Food Industry, Agriculture, agribusiness and food production industries, Agriculture & Related Industries, International Trade, International trade and commerce