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.
Table of Contents
List of Contributors. Acknowledgments. Chapter 1: An Introduction to the Routledge Handbook of Agricultural Economics, Gail L. Cramer. Chapter 2: Broadening the Validity of Welfare Economics for Quantitative Public Policy Analysis, Richard E. Just and Andrew Schmitz. Part 1: Food Economics. Chapter 3: World Food: New Developments, Shenggen Fan. Chapter 4: Industrial Organization of the Food Industry: The Role of Buyer Power, Ian Sheldon. Chapter 5: Economic Ramifications of Obesity: A Selective Literature Review, Oral Capps, Jr., Ariun Ishdorj, Senarath Dharmasena, and Marco A. Palma. Chapter 6: Behavioral Economics in Food and Agriculture, Wen Li and David R. Just. Chapter 7: Product Quality and Reputation in Food and Agriculture, Anthony R. Delmond, Jill J. McCluskey, and Jason A. Winfree. Chapter 8: Food Marketing in the United States, Stephen Martinez and Krishna P. Paudel. Chapter 9: Food from the Water - Fisheries and Aquaculture, Frank Asche, James L. Anderson, and Taryn M. Garlock. Chapter 10: The Economics of Antibiotics Use in Agriculture, Jutta Roosen and David A. Hennessy. Chapter 11: Advancements in the Economics of Food Security, P. Lynn Kennedy. Part 2: Environmental and Resource Economics. Chapter 12: How Does Climate Change Affect Agriculture? Panit Arunanondchai, Chengcheng Fei, Anthony Fisher, Bruce A. McCarl, Weiwei Wang, and Yingqian Yang. Chapter 13: Habitat Conservation in Agricultural Landscapes, Chad Lawley and Charles Towe. Chapter 14: Water Quality Trading, James S. Shortle and Aaron Cook. Chapter 15: Natural Capital and Ecosystem Services, Marcello Hernández-Blanco and Robert Costanza. Chapter 16: Water Management and Economics, Louis Sears and C.-Y. Cynthia Lin Lawell. Chapter 17: Water Supply and Dams in Agriculture, Biswo N. Poudel, Yang Xie, and David Zilberman. Part 3: Trade, Policy, and Development. Chapter 18: A Synopsis of Trade Theories and Their Applications, Stephen Devadoss and Jeff Luckstead. Chapter 19: International Agricultural Trade: A Road Map, Andrew Schmitz and Ian Sheldon. Chapter 20: Use of Subsidies and Taxes and the Reform of Agricultural Policy, G. Cornelis Van Kooten, David Orden, and Andrew Schmitz. Chapter 21: The Political Economy of Agricultural and Food Policies, Johan Swinnen. Chapter 22: Macroeconomic Issues in Agricultural Economics, Michael Reed and Sayed Saghaian. Chapter 23: Models of Economic Growth: Application to Agriculture and Structural Transformation, Terry L. Roe and Munisamy Gopinath. Chapter 24: Rural Development – Theory and Practice, Thomas G. Johnson and J. Matthew Fannin. Part 4: Methods. Chapter 25: Econometrics for the Future, Hector O. Zapata, R. Carter Hill, and Thomas B. Fomby. Chapter 26: On the Evolution of Agricultural Econometrics, David A. Bessler and Marco A. Palma. Chapter 27: New Empirical Models in Consumer Demand, Timothy J. Richards and Celine Bonnet. Chapter 28: A Survey of Semiparametric Regression Methods Used in the Environmental Kuznets Curve Analyses, Krishna P. Paudel and Mahesh Pandit. Chapter 29: Reconstructing Deterministic Economic Dynamics from Volatile Time Series Data, Ray Huffaker, Ernst Berg, and Maurizio Canavari. Chapter 30: Agricultural Development Impact Evaluation, J. Edward Taylor. Chapter 31: Estimating Production Functions, Daniela Puggioni and Spiro E. Stefanou. Part 5: Production. Chapter 32: Role of Risk and Uncertainty in Agriculture, Jean-Paul Chavas. Chapter 33: Investing in People in the Twenty-first Century: Education, Health, and Migration, Wallace E. Huffman. Chapter 34: The Economics of Biofuels, Farzad Taheripour, Hao Cui, and Wallace E. Tyner. Chapter 35: Farm Management: Recent Applications, Paricia Duffy and Sam Funk. Chapter 36: Economics of Agricultural Biotechnology, David Zilberman, Justus Wesseler, Andrew Schmitz, and Ben Gordon. Part 6: Marketing. Chapter 37: The Financial Economics of Agriculture and Farm Management, Charles B. Moss, Jaclyn D. Kropp, and Maria Bampasidou. Chapter 38: Futures Markets and Hedging, T. Randall Fortenbery. Chapter 39: Cooperative Extension System: Value to Society, Russell Tronstad and Mike Woods. Chapter 40: Theory of Cooperatives: Recent Developments, Michael L. Cook and Jasper Grashuis. Chapter 41: Agribusiness Economics and Management, Michael Boland and Metin Çakır. List of Reviewers. Index