000			03762nam a2200241 a 4500
001			42417
003			0000000000
005			20240411193047.0
008			210713n s 000 0 eng d
020			_a 978-1-944548-05-6
100	1		_aBarkley, Andrew P.
245	1	4	_aThe economics of food and agricultural markets / _h[electronic resource] _cAndrew P. Barkley.
260			_aManhatten, Kas. : _bNew Prarie Press, _c2016.
300			_a1 online resource : _billustrations.
505	0		_aIntroduction to the study of economics -- Supply and demand -- Markets -- Elasticities -- Welfare economics : consumer and producer surplus -- The motivation for and consequences of free trade -- Price ceiling -- Price support -- Quantity control (supply control) -- import quota -- Taxes -- Subsidies -- Market power introduction -- Monopoly profit-maximizing solution -- Marginal revenue and the elasticity of demand -- Monopoly characteristics -- Monopoly power -- Monopsony -- Introduction to pricing with market power -- Price discrimination -- Intertemporal price discrimination -- Peak load pricing -- Two part pricing -- Bundling -- Advertising -- Market structures -- Monopolistic competition -- Oligopoly -- Game theory introduction -- Equilibrium in dominant strategies -- Nash equilibrium -- Advertising game -- Maximin strategy (safety first) -- Cooperative strategy (collusion) -- Game theory example: steak pricing game -- Repeated games -- Sequential games -- First move advantage -- Commitment and credibility.
520			_a"The Economics of Food and Agricultural Markets is written for applied intermediate microeconomics courses. The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, and natural resource sectors. The field of agricultural economics is relevant, important and interesting. The study of market structures, also called industrial organization, provides powerful, timely, and useful tools for any individual or group making personal choices, business decisions, or public policies in food and agriculture industries. Readers will benefit from a large number of real-world examples and applications of the economic concepts under discussion. The book introduces economic principles in a succinct and reader-friendly format, providing students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. The principles are applied to timely, interesting, and important real-world issues through words, graphs, and simple algebra and calculus. This book is intended for students who study agricultural economics, microeconomics, rural development and environmental policy. The goal of the book is to encourage students to learn to "think like an economist" through application of benefits and costs to every decision, idea, and strategic decision. This objective is accomplished by including extended examples that cover such topics as the analysis of consumer decisions, supply and demand, and market efficiency; the design of pricing strategies; advertising and marketing decisions; and public policy analysis."--Open Textbook Library.
650		7	_aAgriculture _xEconomic aspects. _2sears
650		7	_aFood industry and trade. _2sears
650		7	_aFood industry and trade _xManagement. _2sears
856			_uhttps://drive.google.com/file/d/1ZWfgmvPmZeHqlWtopVkHKuIWHjt_EiZs/view?usp=sharing
999			_c12500 _d12500