• Cambridge Scholars Publishing

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Agricultural Price Formation in Theory and Reality

The thirteen chapters in this book introduce students to the theory and analysis of price determination in markets for agricultural and food products, and in markets for the main factors of production in agriculture – land, labour and capital. The book is targeted at advanced BSc as well as MSc students. It covers neoclassical economic theory as well as the many unique institutions and policies that affect agricultural price determination. The chapters cover important characteristics of agricultural and food markets and prices, such as the role of institutions and organisations for agricultural price formation, imperfect competition, the role of technical change, retail pricing, price volatility and futures markets. The included case studies and exercises will enable students to apply what they have learned and test their comprehension.


Ulrich Koester is Professor Emeritus of Agricultural Economics at the University of Kiel, Germany, and Associated Member of the Leibniz Institute of Agricultural Development in Transition Economies (IAMO), Halle. He is the author of an introductory textbook that has been published in German, English, Russian and Serbian. His achievements in research and teaching have been recognised by honorary doctorates from the Universities of Gießen (Germany), Hohenheim (Germany) and Ulaanbaatar (Mongolia). His research and several visiting professorships have been supported by institutions including the German Government, the World Bank, the European Union and the Food and Agriculture Organization.

Stephan von Cramon-Taubadel has been Professor of Agricultural Policy at the University of Göttingen, Germany, since 1999. He studied agricultural economics at McGill University (Canada) and the University of Manitoba (Canada) and completed his PhD at the University of Kiel (Germany). He is Secretary-Treasurer of the International Association of Agricultural Economists (IAAE). His teaching and research focus on the analysis of agricultural policies and the study of market integration and price interactions in space and along the food chain.

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Bernhard Brümmer

Sebastian Hess

Ulrich Koester

Jens-Peter Loy

Ludwig Striewe

Teresa Vollmer

Stephan von Cramon-Taubadel

Christoph Weiss

David Zilberman

Buy This Book

ISBN: 1-5275-2829-4

ISBN13: 978-1-5275-2829-1

Release Date: 22nd August 2023

Pages: 549

Price: £83.99

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