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The recent trend towards the negotiation of free trade areas has potentially important implications for agriculture. Agricultural trade will increasingly be influenced by the treatment of agriculture within free‐trade areas and other regional trade associations. Such blocs will have to deal...
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In the absence of some form of government intervention, knowledge is a classic public good which will be under‐produced because of lack of price excludability. Government intervention may take the form of establishing intellectual property rights, or other means of shielding knowledge‐based...
The procedures adopted for incorporating breeding decisions in a livestock market model have implications for the simulation of the model. Specifically, there is a need to consider the nature of the biological lags between livestock breeding decisions and outputs, and how these are incorporated...
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