A three essays dissertation on agricultural and environmental microeconomics

Luc Veyssiere

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Microeconomics is a branch of economics which studies how individual agent behaves unlike macroeconomics which studies the behavior of several agents. By focusing on the behavior of individual sole microeconomics can provide insights and solutions to market failures. This feature has made this branch of economics increasingly important. Even the modern macroeconomics is built upon microeconomics foundation.This three essays thesis applies microeconomics to answer key issues on agriculture and the management of natural resources. The first essay examines the question of asymmetric information introduced by the emergence of the genetically modified technology in the food system. The second essay looks at the problem of moral hazard in the financing of the rural population in developing countries by supermarket. While these two essays use a theoretical framework to provide insights on concrete issue, the last essay not only develops a microeconomics conceptual framework but also confronts it with real data to understand the behavior of fishermen. In doing so this thesis shows how powerful microeconomics is in understanding the behavior of economic agent and in providing insights to a wide range of question.

Date: 2009-01-01
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