The substantial booms and busts in agricultural prices marked by extreme events across commodities lead to heated debates about the effects of speculative trading on commodity price fluctuations. This study proposes a new approach to understanding extreme events and boom-bust processes in agricultural markets. Using weekly futures data for twelve indexed agricultural commodities during 2006 to 2016, we find that extreme price changes, located in the 10% tails of the distribution, cluster across agricultural markets. We then implement a multinomial logit model to investigate which factors are associated with the propagation of extreme events. Specifically, we disentangle three transmission conduits. (1) The macroeconomic conduit captures the possibility that the synchronized extreme price events are generated by business-cycle driven demand shifts mainly in emerging economies. (2) The financial conduit refers to potential links between extreme returns and the increasing flow of money from financial participants into agricultural futures markets. (3) Finally, the energy conduit accounts for possible spillover effects due to oil price shocks. Our results indicate an important role of managed money positions and oil prices while the real demand channel remains mostly insignificant. (C) 2017 Elsevier Ltd. All rights reserved.

Ecosystem services and sustainability have become prominent concepts in international policy and research agendas. However, a common conceptual ground between these concepts is currently underdeveloped. In particular, a vision is missing on how to align ecosystem services with overarching sustainability goals. Originally, the ecosystem service concept focused on sustaining human well-being through biodiversity conservation. Nevertheless, studies within the field also consider appropriation beyond carrying capacities, and natural resource management that involves environmentally damaging inputs as ecosystem service provision. This brings the ecosystem service concept into conflict with the core goal of sustainability, i.e. achieving justice within ecological limits over the long term. Here, we link the ecosystem service concept to sustainability outcomes operationalized in terms of justice. Our framing positions sustainability as an overarching goal which can be achieved through seven key strategies: equitable (1) intergenerational and (2) intragenerational distribution, (3) interspecies distribution, (4) fair procedures, recognition and participation, (5) sufficiency, (6) efficiency, and (7) persistence. Applying these strategies has the potential to re-focus the ecosystem service concept towards the normative goal of sustainability. We identify research needs for each strategy and further discuss questions regarding operationalization of the strategies. (C) 2017 Elsevier B. V. All rights reserved.

It is widely accepted that modern pigs were domesticated independently at least twice, and Chinese native pigs are deemed as direct descendants of the first domesticated pigs in the corresponding domestication centers. By analyzing mitochondrial DNA sequences of an extensive sample set spanning 10,000 years, we find that the earliest pigs from the middle Yellow River region already carried the maternal lineages that are dominant in both younger archaeological populations and modern Chinese pigs. Our data set also supports early Neolithic pig utilization and a long-term in situ origin for northeastern Chinese pigs during 8,000-3,500 BP, suggesting a possibly independent domestication in northeast China. Additionally, we observe a genetic replacement in ancient northeast Chinese pigs since 3,500 BP. The results not only provide increasing evidence for pig origin in the middle Yellow River region but also depict an outline for the process of early pig domestication in northeast China.

This article discusses the challenges for providers of local public services to adapt to increasing marketization and competition in the public sector. Based on some empirical evidence from local government in Germany, the article describes different adaptive measures in the past and shows the legal restrictions to strengthening performance and particularly competitiveness. Furthermore, the article presents some findings from good practice cases of local service providers in Germany who have successfully exposed themselves to market mechanisms. Finally, the article discusses observed results of increased competitiveness in the local government sector, with special regard to quality, efficiency and public employment. The article concludes with describing necessary elements of a competitive regime for public services and with some general reflections about the role of competition in the public sector.