The Role of Competitive Market Institutions

Allen B. Paul

Journal of Agricultural Economics Research, 1974, vol. 26, issue 02, 8

Abstract: Continuous reorganization of markcll;:s implied by tlH~ process of economic grow til, wherein spcrialization, enlargement of sealc, and applications of technology keep marching onward. Under a regime of privatI.: propcrty, there are continual adaptations of differcllt means for mohili1.ing capital that arc more or less appropriate to different situations-means that mitigate the hazards of loss to the individual or finn. In agriculture, a host of enterprist--sharing arrangements have developed. These should be separated into oncs that result in nwaningful market prices and ones tllat merely dh'idf-up the residual rewards. A number of market tendencies and problems arc noted.

Keywords: Financial Economics; Production Economics (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147167

DOI: 10.22004/ag.econ.147167

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