ABSTRACT

Within the general institutional framework of the preceding section, we now turn to an evaluation of three specific questions: What is the impact of macro and agricultural policies upon relative input prices? How does the choice of technology and institutional structure affect production costs? What is the role of both policies and structure in determining the levels and distribution of net income of farmers? Because we will often wish to answer these questions in terms of either specific markets or individual households or production units, the analysis will be conducted at both the macro- and the micro-economic levels.