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The Australian Journal of Journal of the Australian Agricultural and Resource Economics Society Australian Journal of Agricultural and Resource Economics, 60, pp. E1–E2 Book Review Agricultural Product Prices, edited by William G. Tomek and Harry M. Kaiser. Published by Cornell University Press, Ithaca, NY, 2014, pp. 394, ISBN: 978 0 8014 5230 7, AUD$ 59.95 (hardcover) Now in its fifth edition Agricultural Product Prices was originally co-authored by William G. Tomek and Kenneth L. Robinson. As stated by the authors in the preface to their first edition: ‘The decision to write this book was motivated by two considerations. First, we believe that the behaviour of agricultural product prices is sufficiently unusual as to require special treatment. Second, we saw a need for a more up-to-date text, which would combine principles of price determination, information on pricing institutions, and an introduction to selected quantitative techniques as applied to agricultural prices’. These two considerations are still pertinent today. As with previous editions, the current version retains a text book style orientation. However, more generally, the book serves as a valuable reference for anyone with an interest in how prices are determined in agricultural commodity markets. I have used the fourth edition
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Apr 1, 2016
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