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From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy

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  • Johan Swinnen
  • Alessandro Olper
  • Senne Vandevelde

Abstract

This article analyzes how value chains play a role in the political economy of agricultural and food policy by (1) discussing historical insights; (2) reviewing an emerging literature on political economy of trade policy and value chains and drawing implications for agricultural and food policy; (3) discussing market power issues with increasing concentration in agri‐food value chains and its implications for government regulations; and (4) presenting a political economy case study of recent regulations that have explicitly targeted value chain structures in the agri‐food sector: the EU regulations on “unfair trading practices (UTPs)”. The case study is of wider relevance since it addresses a key concern in global value chains.

Suggested Citation

  • Johan Swinnen & Alessandro Olper & Senne Vandevelde, 2021. "From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 771-788, September.
  • Handle: RePEc:bla:agecon:v:52:y:2021:i:5:p:771-788
    DOI: 10.1111/agec.12653
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    1. Giulia Meloni & Johan Swinnen, 2021. "Globalization and political economy of food policies: insights from planting restrictions in colonial wine markets," Working Papers of LICOS - Centre for Institutions and Economic Performance 675652, KU Leuven, Faculty of Economics and Business (FEB), LICOS - Centre for Institutions and Economic Performance.
    2. Lukáš Čechura & Tinoush Jamali Jaghdani, 2021. "Market Imperfections within the European Wheat Value Chain: The Case of France and the United Kingdom," Agriculture, MDPI, vol. 11(9), pages 1-21, August.
    3. Čechura, Lukáš & Jamali Jaghdani, Tinoush, 2021. "Market imperfections within the European wheat value chain: The case of France and the United Kingdom," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics.
    4. Antonella Samoggia & Zeynep Beyhan, 2022. "Fairness-Enabling Practices in Agro-Food Chain," Sustainability, MDPI, vol. 14(11), pages 1-24, May.

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