Effects of Grain Marketing Systems on Grain Production gives readers valuable insight into the grain marketing and production systems of China and India. Researchers, scholars, and government officials involved in agricultural commodity economics and marketing will be particularly interested in this work, as few studies have focused on the agriculture of China and India, and even fewer on their grain industries. The grain issue is of crucial importance in China and India, since they are the two most populous countries in the world. In Effects of Grain Marketing Systems on Grain Production, Author Zhang-Yue Zhou investigates and analyzes the effects of these countries'grain marketing systems on grain production over the past four decades using expert surveys, farm-level surveys, and qualitative analyis of national aggregate data. He sets the stage for future research in this important field as he gives you specific information about: the minimum price support scheme grain procurement methods grain production subsidies government reserve stocks market infrastructures grain movement between regions non-government marketing channels supply responsesThe study's three-step procedure lessens bias, and its cross-checked results further strengthen the validity of its findings. The information presented in Effects of Grain Marketing Systems on Grain Production helps professionals at research institutes, universities, and government agencies, especially those emphasising Indian, Chinese, or Asian food economics, understand agricultural economics in developing countries. The book is also useful as a supplemental text for advanced undergraduate and postgraduate classes on Chinese and Indian economies and agricultural commodity economics in developing countries.

This report addresses the overarching question regarding the role of institutions in enhancing market development following market reforms. It uses the New Institutional Economics framework to empirically analyze the role of a specific market institution, that of brokers acting as intermediaries to match traders in the Ethiopian grain market in reducing the transaction costs of search faced by traders. Brokers play a key role in facilitating exchange in a weak marketing environment where limited public market information, the lack of grain standardization, oral contracts, and weak legal enforcement of contracts increase the risk of contract failure. Relying on primary data, it analyzes traders' microeconomic behavior, social capital, the nature and extent of their transaction costs, and the norms and rules governing the relationship between brokers and traders.The study uses an innovative approach to quantify the costs of search and demonstrates that the brokerage institution is economically efficient both for individual traders and for global economic welfare.