Agricultural revenues, the product of stochastic prices and yields, lead to markets which are
incomplete, thereby entreating and complicating economic inquiry. The following three essays
explore the incomplete nature of agricultural markets and consider the implications of
incompleteness for a range of policy questions and economic tools.
The first essay,...
Published August 1979. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
The objective of this study is to analyze empirically the demand
structure for the following important farm production inputs in
Oregon: hired labor, chemical fertilizer, farm machinery, repairs
and operating costs of motor vehicles and other machinery designated
as "machinery supplies," purchased feed and miscellaneous inputs.
Twenty-year data (1950-69 except...
Beginning with 1949, Taiwan carried out a series of land reforms
which have now been mostly completed.
When the island was returned to China in 1945, tenancy was a
serious problem as it was on the China mainland. Nearly half of its
farm land was under tenancy and some tenants...