Agricultural product prices /William G. Tomek, Harry M. Kaiser.

By:

Tomek, William G, 1932- [Author]

Contributor(s):

Kaiser, Harry Mason []

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780801471117

Subject(s):

Genre/Form:

Electronic Books.

LOC classification:

HD9004 .A375 2014

Online resources:

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Available additional physical forms:

Contents:

Demand elasticities and related coefficients -- Supply relationships in agriculture -- Price determination: theory and practice -- Price differences and variability. Marketing margins -- Price differences associated with quality -- Spatial price relationships -- Price variation through time -- General farm- non-farm price relationships -- Pricing institutions. Mechanisms for discovering prices -- Price relationships on commodity futures markets -- Functions of commodity futures markets -- Introduction to empirical price analysis. Background for price analysis -- Using and evaluating results -- Applications.

Subject: "Published continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior). William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets and then apply these principles to the various dimensions of price behavior. They also provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis on the challenges of doing high-quality, useful analyses and interpreting results"--

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Holdings
Item type	Current library	Collection	Call number	URL	Status	Date due	Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)	G. Allen Fleece Library ONLINE	Non-fiction	HD9004 (Browse shelf(Opens below))	Link to resource	Available		ocn885208548

Includes bibliographies and index.

"Published continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior). William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets and then apply these principles to the various dimensions of price behavior. They also provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis on the challenges of doing high-quality, useful analyses and interpreting results"--

Principles of price determination. Demand for agricultural products -- Demand elasticities and related coefficients -- Supply relationships in agriculture -- Price determination: theory and practice -- Price differences and variability. Marketing margins -- Price differences associated with quality -- Spatial price relationships -- Price variation through time -- General farm- non-farm price relationships -- Pricing institutions. Mechanisms for discovering prices -- Price relationships on commodity futures markets -- Functions of commodity futures markets -- Introduction to empirical price analysis. Background for price analysis -- Using and evaluating results -- Applications.

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