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Format: 1 Online-Ressource

ISBN: 9783031538407

Series Statement: Palgrave studies in agricultural economics and food policy

Additional Edition: Erscheint auch als Druck-Ausgabe, Paperback ISBN 978-3-031-53839-1

Language: English

DOI: 10.1007/978-3-031-53840-7

URL: Volltext  (kostenfrei)

URL: Volltext  (kostenfrei)

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Format: 1 online resource (498 pages)

Edition: 1st ed.

ISBN: 3-031-53840-4

Series Statement: Palgrave Studies in Agricultural Economics and Food Policy Series

Additional Edition: ISBN 3-031-53839-0

Language: English

UID:

Format: 1 online resource (498 p.).

ISBN: 9783031538407 , 3031538404

Series Statement: Palgrave Studies in Agricultural Economics and Food Policy Series

Note: Description based upon print version of record. , 3.2.3 Conclusion , Intro -- Preface -- You Know More Than You Think, but This Book Offers Surprising New Insights -- Acknowledgments -- Praise for food economics -- This Book in Verse -- Why Are Kiwis So Cheap? -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 From Farming to Eating, Research and Teaching -- 1.1.1 Using Food Economics, for Professional Life and as Consumers and Citizens -- 1.1.2 The Origins of This Book -- 1.1.3 Supplementary Materials -- 1.2 Why Study Food Through Economics, and Economics Through Food? -- 1.2.1 Learning Objectives of the Book , 1.2.2 Why Study Food Through Economics, and Economics Through Food? -- Why Use Economics to Study Food? -- Why Use Food to Understand Economics? -- Economics as a Science -- Economics as a Social Science -- How Economics Differs from Other Social Sciences -- What Economics Is Not -- Questions About Food and Nutrition that Economics Can Answer -- Economic Thinking as a Useful Skill for Any Profession -- 1.2.3 Intended Audiences for This Book -- The Models Used in This Book -- Two-Dimensional Diagrams Show a System of Simultaneous Equations -- How to Learn These Models , On the Philosophies of Modeling -- Ways of Knowing in This Book -- 1.3 Understanding Charts of Economic Data -- 2 Individual Choices: Explaining Food Consumption and Production -- 2.1 Consumer Choices: Food Preferences and Dietary Intake -- 2.1.1 Motivation and Guiding Questions -- 2.1.2 Analytical Tools -- A Model of Consumer Choices -- Notation and Specification of Variables on Each Axis -- Indifference Curves for Consumption of Each Good -- 2.1.3 Conclusion -- 2.2 Producer Choices: Agriculture and Food Manufacturing -- 2.2.1 Motivation and Guiding Questions -- 2.2.2 Analytical Tools , The Production Possibilities Frontier (PPF) -- The Input Response Curve (IRC) -- The Isoquant or Input Substitution Curve (ISC) -- 2.3 Economics of Size and Scale -- 2.3.1 Conclusion -- 3 Societal Outcomes: Predicting Food Market Prices and Quantities -- 3.1 Market Equilibrium with Perfectly Competitive Interactions -- 3.1.1 Motivation and Guiding Questions -- 3.1.2 Analytical Tools -- The Supply Curve -- The Demand Curve -- Interaction in Markets Between Local Producers, Local Consumers and Trade with Others -- 3.1.3 Conclusion -- 3.2 Market Elasticities: Measuring How People Respond to Change , 3.2.1 Motivation and Guiding Questions -- 3.2.2 Analytical Tools -- Mathematical Notation and the Definition of Elasticities -- Elasticities Summarize Complex Interactions in Production and Consumption -- Price Elasticity and Behavioral Responses Along Supply and Demand Curves -- Income Elasticity, Engel's Law and Bennett's Law -- Elasticities Determine the Impact of Intervention on Market Outcomes -- Price Elasticities and the Incidence of a Tax or Regulation -- Trade Policy: Tariffs and Quotas on Imports or Exports -- Domestic Policies and Separability Between Supply and Demand

Additional Edition: Print version: Masters, William A. Food Economics Cham : Springer International Publishing AG,c2024 ISBN 9783031538391

Language: English

Keywords: Electronic books.

URL: Click here to view book

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Format: XXVII, 476 p. 147 illus., 81 illus. in color. , online resource.

Edition: 1st ed. 2024.

ISBN: 9783031538407

Series Statement: Palgrave Textbooks in Agricultural Economics and Food Policy,

Content: Food Economics provides a unified introduction to the economics of agricultural production, business decisions, consumer behavior, and the government policies that shape our food system. This open access textbook begins with economic principles derived using graphical techniques to explain and predict observed prices, quantities, and other outcomes as a result of individual choices influenced by market structure and public policies. The second half of the book explores available data globally and for the US, covering a wide range of questions in agriculture and economic development, food marketing, and consumption. Food Economics and its accompanying online resources are designed for advanced undergraduate or introductory graduate courses in agriculture, food, and nutrition policy. The book covers the standard diagrams taught in principles-level courses, with concrete examples and practical insights regarding food production, consumption, and trade. Online resources include data sources, and course materials, including slides, exercises, exams, and answer keys. William A. Masters is Professor at Tufts University's Friedman School of Nutrition Science and Policy with a secondary appointment in the Department of Economics. He is Fellow of the Agricultural & Applied Economics Association (AAEA), International Fellow of the African Association of Agricultural Economists (AAAE), a former editor of Agricultural Economics, and a recipient of numerous awards for teaching, research, and policy analysis. Amelia B. Finaret is Associate Professor at Allegheny College, teaching in the Department of Global Health with a secondary appointment in the Business and Economics Department. She is also Honorary Lecturer for the University of Edinburgh's Global Academy of Agriculture and Food Systems (GAAFS) and a practicing clinical dietitian at Titusville Area Hospital in Titusville, Pennsylvania. Finaret holds graduate degrees in agricultural and food economics, and she is a registered dietitian (RD) and licensed dietitian nutritionist (LDN). .

Note: Chapter 1: Introduction -- Chapter 2: Individual choices: explaining food consumption and production -- Chapter 3: Societal outcomes: predicting food market prices and quantities -- Chapter 4: Social welfare: evaluating change in food market outcomes -- Chapter 5: Market power: when innovation, scale economies or policy choices create imperfect competition -- Chapter 6: Collective action: government policies and other social choices -- Chapter 7: Poverty and risk: variation among people and over time -- Chapter 8: Psychology and decision-making: behavioral economics in the food system -- Chapter 9: Food in the macroeconomy: the whole is more than the sum of its parts -- Chapter 10: International development: systemic change over time -- Chapter 11: The world food system: trade, storage and processing within and between countries -- Chapter 12: The future of food: new technology, resource constraints and induced innovation.

In: Springer Nature eBook

Additional Edition: Printed edition: ISBN 9783031538391

Additional Edition: Printed edition: ISBN 9783031538414

Language: English

DOI: 10.1007/978-3-031-53840-7

URL: https://doi.org/10.1007/978-3-031-53840-7

UID:

Format: xxvii, 476 Seiten : , Diagramme.

ISBN: 978-3-031-53839-1

Series Statement: Palgrave textbooks in agricultural economics and food policy

Additional Edition: Erscheint auch als Online-Ausgabe ISBN 978-3-031-53840-7

Language: English

Subjects: Economics , Agriculture, Forestry, Horticulture, Fishery, Domestic Science

UID:

Format: 1 online resource (498 pages)

Edition: 1st ed.

ISBN: 9783031538407

Series Statement: Palgrave Studies in Agricultural Economics and Food Policy Series

Note: Intro -- Preface -- You Know More Than You Think, but This Book Offers Surprising New Insights -- Acknowledgments -- Praise for food economics -- This Book in Verse -- Why Are Kiwis So Cheap? -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 From Farming to Eating, Research and Teaching -- 1.1.1 Using Food Economics, for Professional Life and as Consumers and Citizens -- 1.1.2 The Origins of This Book -- 1.1.3 Supplementary Materials -- 1.2 Why Study Food Through Economics, and Economics Through Food? -- 1.2.1 Learning Objectives of the Book -- 1.2.2 Why Study Food Through Economics, and Economics Through Food? -- Why Use Economics to Study Food? -- Why Use Food to Understand Economics? -- Economics as a Science -- Economics as a Social Science -- How Economics Differs from Other Social Sciences -- What Economics Is Not -- Questions About Food and Nutrition that Economics Can Answer -- Economic Thinking as a Useful Skill for Any Profession -- 1.2.3 Intended Audiences for This Book -- The Models Used in This Book -- Two-Dimensional Diagrams Show a System of Simultaneous Equations -- How to Learn These Models -- On the Philosophies of Modeling -- Ways of Knowing in This Book -- 1.3 Understanding Charts of Economic Data -- 2 Individual Choices: Explaining Food Consumption and Production -- 2.1 Consumer Choices: Food Preferences and Dietary Intake -- 2.1.1 Motivation and Guiding Questions -- 2.1.2 Analytical Tools -- A Model of Consumer Choices -- Notation and Specification of Variables on Each Axis -- Indifference Curves for Consumption of Each Good -- 2.1.3 Conclusion -- 2.2 Producer Choices: Agriculture and Food Manufacturing -- 2.2.1 Motivation and Guiding Questions -- 2.2.2 Analytical Tools -- The Production Possibilities Frontier (PPF) -- The Input Response Curve (IRC) -- The Isoquant or Input Substitution Curve (ISC). , 2.3 Economics of Size and Scale -- 2.3.1 Conclusion -- 3 Societal Outcomes: Predicting Food Market Prices and Quantities -- 3.1 Market Equilibrium with Perfectly Competitive Interactions -- 3.1.1 Motivation and Guiding Questions -- 3.1.2 Analytical Tools -- The Supply Curve -- The Demand Curve -- Interaction in Markets Between Local Producers, Local Consumers and Trade with Others -- 3.1.3 Conclusion -- 3.2 Market Elasticities: Measuring How People Respond to Change -- 3.2.1 Motivation and Guiding Questions -- 3.2.2 Analytical Tools -- Mathematical Notation and the Definition of Elasticities -- Elasticities Summarize Complex Interactions in Production and Consumption -- Price Elasticity and Behavioral Responses Along Supply and Demand Curves -- Income Elasticity, Engel's Law and Bennett's Law -- Elasticities Determine the Impact of Intervention on Market Outcomes -- Price Elasticities and the Incidence of a Tax or Regulation -- Trade Policy: Tariffs and Quotas on Imports or Exports -- Domestic Policies and Separability Between Supply and Demand -- 3.2.3 Conclusion -- 4 Social Welfare: Evaluating Change in Food Markets -- 4.1 Economic Surplus: Who Gains from Market Transactions? -- 4.1.1 Motivation and Guiding Questions -- 4.1.2 Analytical Tools -- A Toy Model: Introducing the Alphabet Beach Fish Market -- Market Equilibrium Between Buyers and Sellers -- Economic Surplus for Consumers and Producers -- Gains and Losses from Allowing Trade for Producer and Consumer Surplus -- Economic Surplus in Perfect Competition: The First Theorem of Welfare Economics -- Linking Economic Surplus to Consumers' Interest in Policy Change -- Linking Gains from Trade to Wellbeing, Separability and Comparative Advantage -- Conclusion -- 4.2 Externalities: Unintended Side Effects of Market Activity -- 4.2.1 Motivation and Guiding Questions -- 4.2.2 Analytical Tools. , Externalities and the Full Social Cost or Benefit of Each Activity -- Related Terminology: Pecuniary Externalities, Network Effects and Congestion -- Equity and Sustainability Effects of Externalities in the Food System -- Internalizing Externalities: Regulation, Taxation and Allocation of Legal Rights -- Conclusion -- 5 Market Power: Imperfect Competition and Strategic Behavior -- 5.1 Monopoly and Monopsony: When One Seller or Buyer Sets Total Quantity and Price -- 5.1.1 Motivation and Guiding Questions -- 5.1.2 Analytical Tools -- Relative Scale of Enterprises in Agriculture and the Food Sector -- Monopoly Sellers, Marginal Revenue and Price Discrimination -- Monopsony Buyers and Marginal Expenditure -- Impacts of Market Power on Economic Surplus, Equity and Efficiency -- Market Power Can Be Obtained by Innovation: Walmart in the 1970s and 1980s -- Market Power Can Be Obtained Legally, Including Through Protection from Trade -- Profits from Market Power Depend on Price Elasticities -- Measuring Market Power -- Policies to Address Market Power -- 5.1.3 Conclusion -- 5.2 Strategic Behavior: Game Theory for Two-Person Interactions -- 5.2.1 Motivation and Guiding Questions -- 5.2.2 Analytical Tools -- The Payoff Matrix for a Symmetric Two-Person Interaction -- Payoffs and Predicted Outcomes of the Prisoner's Dilemma -- Price Fixing in the Global Lysine Market: Ajinomoto and ADM in the 1990s -- Influence of the Payoff Matrix on Cooperative Behavior -- Repeated Games, Commitment Mechanisms and Incomplete Contracts -- Multi-person Games and the Tragedy of the Commons -- 5.2.3 Conclusion -- 6 Collective Action: Government Policies and Programs -- 6.1 Public Goods and Social Choice: Property Rights, Taxes and Subsidies -- 6.1.1 Motivation and Guiding Questions -- 6.1.2 Analytical Tools -- Public Goods are Non-excludable, and May Also be Non-rival. , The Scale and Scope of Public Goods Provision: Local, National and Global -- The Value of a Public Good Is the Sum of Willingness to Pay at Each Quantity -- Barriers to Collective Action: Inattention, Free Ridership and Voting -- Policy Processes: Veto Players, Rent-Seeking and Median Voters -- 6.1.3 Conclusion -- 6.2 Cost-Effectiveness and Nonmarket Goals in Food and Agriculture -- 6.2.1 Motivation and Guiding Questions -- 6.2.2 Analytical Tools -- Comparing Monetary Values: Adjusting for Inflation and Purchasing Power -- Risk and Uncertainty: Use Values, Option Values and Existence Values -- Comparing Costs and Effects over Time: Interest Rates and Discounting -- Social Welfare and Inter-personal Comparison of Costs and Benefits -- Ecosystem Services and Environmental Analyses of Costs and Benefits -- Cost-Effectiveness of Optimal, Second-best and Politically Feasible Actions -- Eliciting Willingness to Pay and to Accept in Market and Nonmarket Settings -- Comparing Costs to Benefits: Net Present Value and Cost-Effectiveness -- 6.2.3 Conclusion -- 7 Poverty and Risk: Variation Among People and Over Time -- 7.1 Inequality, Inequity and Disparities in Agriculture and Nutrition -- 7.1.1 Motivation and Guiding Questions -- 7.1.2 Analytical Tools -- Understanding Deprivation: The Lived Experience of People in Poverty -- Defining Poverty: Mollie Orshansky and the U.S. Poverty Line -- Measuring Poverty: Trends and Disparities Among Groups in the U.S. -- Global Poverty: International Comparisons and Trends for Africa and Asia -- Inequality, Lorenz Curves and the Gini Index -- Inequity and Disparities by Gender, Ethnicity, Nationality and Race -- 7.1.3 Conclusion -- 7.2 Vulnerability, Resilience and Safety Nets in the Food System -- 7.2.1 Motivation and Guiding Questions -- 7.2.2 Analytical Tools. , Example Time Paths of Wellbeing for Low-Income Farm Families -- Risk Management Strategies: Diversification, Precautionary Savings and Insurance -- Market Failures in Insurance: Adverse Selection and Moral Hazard -- Risk Aversion and Risk-Reward Choices in Production -- Consumer Prices and Food Crises -- Hunger, Energy Balance and the Prevalence of Undernourishment -- Food Insecurity in the U.S. and Worldwide -- Food Access and Affordability of Healthful Diets -- 7.2.3 Conclusion -- 8 Food and Health: Behavioral Economics and Response to Intervention -- 8.1 Behavioral Economics of Food Choices for Future Health -- 8.1.1 Motivation and Guiding Questions -- 8.1.2 Analytical Tools -- Cognition and Psychological Constraints on Decision-Making -- Indifference Curves for More Healthful vs Less Healthful Foods -- Predictability, Preference Reversals and Behavioral Biases -- Framing, Labeling and Choice Architecture -- Loss Aversion and Status-quo Bias -- Myopic Discounting and Present Bias -- Social Preferences: Altruism and Behavior in Groups -- 8.1.3 Conclusion -- 8.2 Interventions for Behavior Change -- 8.2.1 Motivation and Guiding Questions -- 8.2.2 Analytical Tools -- Impacts of Vouchers and In-kind Transfers -- Impacts of Limiting Redemption Options -- 8.2.3 Conclusion -- 9 Food in the Macroeconomy: The Whole is More Than the Sum of its Parts -- 9.1 National Income and the Circular Flow of Goods and Services -- 9.1.1 Motivation and Guiding Questions -- 9.1.2 Analytical Tools -- The Economy Is a Circular Flow of Goods and Services -- Macroeconomic Data Tracks the Level and Change in Economic Activity -- Macroeconomic Variables and the Definition of GDP -- The Equivalence of Expenditure, Income and Value Added in GDP -- Value Added in the U.S. Food System -- Governing the Macroeconomy: Fiscal and Monetary Policy -- Real Gross Domestic Product per Person. , Inflation and the Purchasing Power of Money.

Additional Edition: Print version: Masters, William A. Food Economics Cham : Springer International Publishing AG,c2024 ISBN 9783031538391

Language: English

Keywords: Electronic books.

URL: Click to View