ABSTRACT
International agricultural markets are complex arrangements involving a great variety of participants both public and private. These participants have strategies by which they seek to accomplish their objectives, given the structure of the market and the anticipated behavior of other buyers and sellers. This chapter looks at international marketing within a modified market structure, conduct and performance analysis as an alternative to the use of competitive, spatial equilibrium free trade models. Most importers would clearly prefer some form of agreement that allowed them to anticipate and influence world prices and quantities. The dramatic price rises of 1972-73 in the world market strongly reinforced the desire of most importers for higher levels of domestic self-sufficiency as well as more assurance about availability of international supplies. The behavior of the various exporters faced with an import quota would be the same as their behavior when faced with a variable levy.
