Joint Decision-Making Processes in Present-Day Agriculture
The architects of the Conference have assigned to me a broad subject, but with constraints of time and space. Within such limitations, I sketch a limited number of market-structure situations in which joint decision-making processes prevail in present-day agriculture. They apply to the United States, although they are not limited to it; broadly similar joint decision-making processes operate in other countries. A caveat is that my experience and views are flavoured, likely biased, by my observation and study of developments in my own country.
KeywordsBargaining Power Market Structure Vertical Integration Monopoly Power Target Price
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