Review the commonly pursued governmental agricultural policies, summarize and collate the results of some of the studies of peasant supply responsiveness. Identify the reasons for the different results across crops and countries and discuss the areas deserving further attention.

This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.