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The Role of Competitive Market Institutions

Author

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  • Paul, Allen B.

Abstract

Continuous reorganization of markcll;:s implied by tlH~ process of economic grow til, wherein spcrialization, enlargement of sealc, and applications of technology keep marching onward. Under a regime of privatI.: propcrty, there are continual adaptations of differcllt means for mohili1.ing capital that arc more or less appropriate to different situations-means that mitigate the hazards of loss to the individual or finn. In agriculture, a host of enterprist--sharing arrangements have developed. These should be separated into oncs that result in nwaningful market prices and ones tllat merely dh'idf-up the residual rewards. A number of market tendencies and problems arc noted.

Suggested Citation

  • Paul, Allen B., 1974. "The Role of Competitive Market Institutions," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 26(2), pages 1-8, April.
  • Handle: RePEc:ags:uersja:147167
    DOI: 10.22004/ag.econ.147167
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    Citations

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    Cited by:

    1. Purcell, Wayne D., 1997. "The Role of Market Information in a Changing Market Structure," Agricultural Outlook Forum Archive 1923 - 1997 327153, United States Department of Agriculture, Agricultural Outlook Forum.
    2. Unterschultz, James R., 2000. "New Instruments For Co-Ordination And Risk Sharing Within The Canadian Beef Industry," Project Report Series 24046, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Koontz, Stephen R. & Purcell, Wayne D., 2000. "Research Programs To Address Price Discovery Concerns," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36421, Western Agricultural Economics Association.
    4. Campbell, Gerald R., 1985. "Agricultural options: The outlook for farmers' use in marketing management," Agricultural Outlook Forum Archive 1923 - 1997 326267, United States Department of Agriculture, Agricultural Outlook Forum.
    5. Unknown, 1997. "Price Discovery in Concentrated Livestock Markets: Issues, Answers, Future Directions," Research Institute on Livestock Pricing 232724, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    6. Perry, Janet E. & Banker, David E. & Green, Robert C., 1999. "Broiler Farms' Organization, Management, and Performance," Agricultural Information Bulletins 33739, United States Department of Agriculture, Economic Research Service.

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    Keywords

    Financial Economics; Production Economics;

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