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INTRODUCTION
TO THE SERIES
The aim of the Handbooks in Economics series is to produce Handbooks for various branches of economics, each of which is a definitive source, reference, and teaching supplement for use by professional researchers and advanced graduate students. Each Handbook provides self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists on various aspects of this branch of economics. These surveys summarize not only received results but also newer developments, from recent journal articles and discussion papers. Some original material is also included, but the main goal is to provide comprehensive and accessible surveys. The Handbooks are intended to provide not only useful reference volumes for professional collections but also possible supplementary readings for advanced courses for graduate students in economics. KENNETH J. ARROW and MICHAEL D. INTRILIGATOR
PUBLISHER'S
NOTE
For a complete overview of the Handbooks in Economics Series, please refer to the listing on the last two pages of this volume.
CONTENTS
VOLUME
OF THE HANDBOOK
1A
PART 1 - AGRICULTURAL PRODUCTION Chapter 1 Production and Supply YAIR MUNDLAK Chapter 2 Uncertainty, Risk Aversion, and Risk Management for Agricultural Producers GIANCARLO MOSCHINI and DAVID A. HENNESSY Chapter 3 Expectations, Information and Dynamics MARC NERLOVE and DAVID A. BESSLER Chapter 4 The Agricultural Innovation Process: Research and Technology Adoption in a Changing Agricultural Sector DAVID SUNDING and DAVID ZILBERMAN Chapter 5 Structural Change in Agricultural Production: Economics, Technology and Policy JEAN-PAUL CHAVAS Chapter 6 Land Institutions and Land Markets KLAUS DEININGER and GERSHON FEDER Chapter 7 Human Capital: Education and Agriculture WALLACE E. HUFFMAN Chapter 8 Women's Roles in the Agricultural Household: Bargaining and Human Capital Investments T. PAUL SCHULTZ Chapter 9 Human Capital: Migration and Rural Population Change J. EDWARD TAYLOR and PHILIP L. MARTIN Chapter 10 Agricultural Finance: Credit, Credit Constraints, and Consequences PETER J. BARRY and LINDON J. ROBISON vii
viii
Contents of the Handbook
Chapter 11 Economic Impacts of Agricultural Research and Extension ROBERT E. EVENSON
Chapter 12 The Agricultural Producer: Theory and Statistical Measurement RICHARD E. JUST and RULON D. POPE
VOLUME
1B
PART 2 - MARKETING, DISTRIBUTION A N D C O N S U M E R S Chapter 13 Commodity Futures and Options JEFFREY C. WILLIAMS
Chapter 14 Storage and Price Stabilization BRIAN WRIGHT
Chapter 15 Food Processing and Distribution: An Industrial Organization Approach RICHARD J. SEXTON and NATHALIE LAVOIE
Chapter 16 Marketing Margins: Empirical Analysis MICHAEL K. WOHLGENANT
Chapter 17 Spatial Price Analysis PAUL L. FACKLER and BARRY K. GOODWIN
Chapter 18 Duality for the Household: Theory and Applications JEFFREY T. LaFRANCE
Chapter 19 Economic Analysis of Food Safety JOHN M. ANTLE
Chapter 20 Marketing and Distribution: Theory and Statistical Measurement JAMES VERCAMMEN and ANDREW SCHMITZ
Chapter 21 Production and Marketing RACHAEL E. GOODHUE and GORDON C. RAUSSER
INTRODUCTION
The subject matter of agricultural economics has both broadened and deepened in recent years, and the chapters of this Handbook present the most exciting and innovative work being done today. The field originated early in the twentieth century with a focus on farm management and commodity markets, but has since moved far into analysis of issues in food, resources, international trade, and linkages between agriculture and the rest of the economy. In the process agricultural economists have been pioneering users of de