|Budget Amount *help
¥17,030,000 (Direct Cost: ¥13,100,000、Indirect Cost: ¥3,930,000)
Fiscal Year 2014: ¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2013: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2012: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2011: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
|Outline of Final Research Achievements
Contrary to the expectation that a high grain price would benefit international traders and agricultural producers equally, the profit of smallholding producers in developing countries are not strongly linked to the price observed in the international market, a likely result of the oligopsony and information asymmetry inherent throughout the grain supply chain. This project developed a theoretical explanation for this market failure and then conducted empirical decomposition of factors preventing agricultural development.