Editorial
As concentration, industrialization, and globalization continue to reshape the horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their traditional tools of analysis. At the core of this revision is strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.
JAFIO's mission is to provide a peer-reviewed, scholarly, international forum to address this new complexity with the added benefits of 1) electronic submission, 2) professional and constructive reviews by specialists in the topic area, 3) a response guaranteed in 10 weeks, 4) no galleys to proofread, and 5) instant publication upon acceptance. Through electronic submission, revision, and publication, manuscripts will no longer become obsolete because of lengthy reviews and/or waiting in the print line, as they often do in traditional paper journals.
I invite all of you to submit your latest work to JAFIO. The Journal welcomes empirical as well as theoretical articles, notes, and perspectives.
Azzeddine Azzam
Editor
Articles
Tough Love: Optimal Enforcement of Output Quotas in the Presence of Cheating
Konstantinos Giannakas and Murray Fulton
Pricing-to-Market versus Residual Demand Elasticity Analysis of Imperfect Competition in Food Exports: Evidence from Germany
Thomas Glauben and Jens-Peter Loy
Food Supply Management and Tariffication: A Game Theoretic Approach
Troy G. Schmitz and Andrew Schmitz
Social Welfare and the Market Power-Efficiency Tradeoff in U.S. Food Processing: A Note
Rigoberto A. Lopez and Carmen Lirón-España
The Gains and Losses from Agricultural Concentration: A Critical Survey of the Literature
John Whitley
Explaining Plant Exit in the U.S. Meat and Poultry Industries
Mary K. Muth, Michael K. Wohlgenant, Shawn A. Karns, and Donald W. Anderson
Contract Design: A Note on Cash Settled Futures
Mark R Manfredo and Dwight R. Sanders
Explaining Price Dispersion for Homogeneous Grocery Products
Ville Aalto-Setälä
An Essay on Cooperative Bargaining in U.S. Agricultural Markets
Brent Hueth and Philippe Marcoul
Costly (Dis)Agreement: Optimal Intervention, Income Redistribution, and Transfer Efficiency of Output Quotas in the Presence of Cheating
Konstantinos Giannakas and Murray Fulton
Inventory Constraints in a Dynamic Model of Imperfect Competition: An Application to Beef Packing
Lynn Hunnicutt and David Aadland
Some Unintended Consequences of TRQ Liberalization
Jean-Philippe Gervais and James I Rude
Information Pooling and Collusion: Implications for The Livestock Mandatory Reporting Act
Kenneth Njoroge
Concentration and Innovation in the U.S. Food Industries
Munisamy Gopinath, Daniel Pick, and Yonghai Li
Vertical Product Differentiation in Theory and Practice
James Eales and James K. Binkley
