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Strategic Behavior, Institutional Change, and the Future of Agriculture
Author(s) -
Johnson S.R.
Publication year - 1998
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1244182
Subject(s) - citation , extension (predicate logic) , session (web analytics) , state (computer science) , library science , agriculture , political science , management , computer science , economics , history , world wide web , programming language , archaeology
Policy reforms that increase the roles of markets in agriculture and related institutional changes are occurring worldwide and are accompanied by rapid technical change. With the evolving role of government, new institutions are emerging for shaping the strategic behavior of public and private sector agents. This paper suggests that the use of game theoretic formulations, combined with modern concepts of mechanism design, offers an approach to policy analysis and the study of institutional change that is valuable to professionals involved in the economics of agriculture.