New analysis and empirical evidence on several topics such as the determinants of shape and nature of the vertical relationships in the food system, the determinants of vertical co-ordination and competition, types and mechanisms of co-ordination as well as the consequences for competitiveness, consumer welfare and policy implications are provided. The focus is on vertical issues at different stages of the food chain with a particular emphasis on the increasing role played by retailers in shaping the vertical relationships in the food system through the development of food supply-chain management.
The investment climate for firms producing genetically modified (GM) agricultural products has recently experienced considerable change, with the occurrence of remarkably high rate of farmer acceptance, but considerable consumer resistance. The present system that involves firms developing biotech products, farmers producing the products, food and related agribusiness industrial firms, and consumers of food, is very volatile. This however will soon be affected by changes in reulatory, trade and food safety regimes.This book addresses these key issues and is based on papers presented at the fourth meeting of The International Consortium on Agricultural Biotechnology Research (ICABR), on Economics of Agricultural Biotechnology, held at Ravello, Italy, in August 2000. Organized in four parts, this volume focuses on:Consumer reactions to GM food informationRegulatory issuesFarmer acceptance of biotech productsChanges in industrial organization in life science and food sectors
This book analyzes the implications of the trend toward increased seller concentration due to mergers and leveraged buyouts that have helped increase food firm stock prices 900" during the 1980s. It is an essential reading for industrial organization economists and agricultural marketing economists.
This book is the result of several years of research activity on the topic of how to better link farmers, processors and retailers with each other in order to ensure and improve the supply of food products which meet consumer needs and wants. The book is structured in three parts. Starting with an overview regarding main developments in the agri-food sector with relevance for chain relationships (chapter 1), Part I is mainly concerned with providing the theoretical foundations for analysing agrifood chain relations (chapters 2, 3 and 4). Building on this conceptual basis, the second part presents in-depth empirical evidence for different countries, food chains and chain stages regarding the issues of trust and sustainable relationships in agri-food chains (chapters 5 to 14). The red meat industry (beef and pigmeat) is the focus of chapters 5, 7 and 9. Cereals (bread and malting barley) are analysed in chapters 5, 7, 8, 10 and 13. Horticultural products (fresh produce and wine) are investigated in chapters 6, 12 and 14. Regionally, the studies cover Europe, North America (the USA), China, Australia and the Philippines. While most studies were conducted in developed markets, chapters 6 and 12 look at the particularities of transition or developing economies. As to individual agri-food chain stakeholders, a number of chapters (chapters 5 to 12, 14 and 15) offer and discuss separate findings for farmers, food processors or retailers. Based on the theoretical and empirical findings in the first two parts of the book, recommendations for agribusiness managers (chapter 15) and policy-makers (chapter 16) are described in the third part. Chapter 17 discusses avenues for future research.
Giovanni Galizzi and Luciano Venturini The food industry has been characterized by several and profound changes in its structure and competitive environment in the last decades. Although it is not a research-oriented industry, there is no arguing that technological change and particularly product innovations are crucial determinants of ftrms' performance and In recent years food manufacturers have accelerated the consumers' welfare. development of new products, by using new ingredients, processing and packaging techniques. Thus, food markets are increasingly characterized by competitive environments where relevant flows of innovative products, quality improvements and new technologies provide new consumption trends, food habits, market opportunities and ftrms' strategies. However, the issue of product innovation in the food industries has been rather neglected by economists. Few works have explicitly addressed this issue. After the pioneering book of Buzzell and Nourse (1967), one can count few contributes. Connor (1981) examined the empirical determinants of new food products introductions. Padberg and Westgren (1979) provided crucial insights about the nature of food innovation through their notions of consumer inertia, technological redundancy and incremental product innovation. Some case-studies provide useful empirical materials, but they are generally sparse.
As funding for universities and governmental research units has declined, these institutions have turned to the private sector to augment their research and development budgets. This book presents a framework for structuring public-private research partnerships that protect both these institutions’ academic freedom and the private firm’s corporate interests. This formulation is developed using insights originating from the incomplete contracting and collective decision making literatures. The book presents a number of template designs for a variety of research partnerships.
Financial Markets play an important role in economic development, channeling saving to investments and facilitating growth. In Eastern Europe financial markets were initially much underdeveloped, and lacked the skills and infrastructure they needed to be efficient, having not acquired them in the pre-transition era. The book offers a both theoretical and empirical analysis of financial markets in transitional economies. It investigates financial markets in Hungary, the Czech Republic, and Poland, and their role in the developments in the 1990s.
The introduction of endogenous growth theory has led to new interest in the role of the entrepreneur as an agent driving technical change at the local regional level. This book examines theoretical and methodological issues surrounding the interface of the entrepreneur in regional growth dynamics on the one hand and on the other presents illuminating case studies. In total the book's contributions amplify understanding of such critical issues as the relationship between innovation and entrepreneurship, the entrepreneur's role in transforming knowledge into something economically useful, and knowledge commercialization with both conceptual and empirical contributions. The emergence of endogenous growth theory has unleashed a flurry of new hypotheses and related inquiries that have in turn created an exciting dynamic in the conceptual, theoretical and empirical foundations of the field. A central feature has been the recognition that local initiatives matter in how regions grow and adjust to changes and shocks. Moreover, it is the role of technical change, driven by entrepreneurs, that motivates these initiatives. This volume begins by outlining and explaining the theory and method behind entrepreneurship and development. This is followed by specific case studies of practice and policy. These cases are region specific, offering the reader concrete, empirically based research results. Scholars and students in economics, entrepreneurship and public policy will find this volume a valuable tool in understanding the latest research in regional economic development.
