Download or read book Putting Institutional Economics to Work written by Robert Picciotto and published by World Bank Publications. This book was released on 1995-01-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 266. Critiques both beneficial and detrimental government regulations that affect commodity markets in developing countries. Commodity markets require a regulatory environment that encourages private enterprise. Government regulations are needed to foster conditions in which market participants have the incentive and the opportunity to operate successfully. This paper poses the difficult question of which regulations are essential for the development of commodity markets and which become impediments. Government regulations are classified according to whether they are - Essential for the development of competitive markets - Facilitators of developing private market rules - Impediments to market development. The authors use the agricultural market as an example for outlining regulatory strategies and summarize the minimum requirements for market development.